Show notes
Virginia Community Capital’s new “Open for Business Loan Fund” is now accepting funding applications from minority and women-owned small businesses in the Richmond region. The fund, supported by a [post_excerpt].5-million grant from Wells Fargo, offers low-interest loans for eligible borrowers and offers technical assistance and consulting for eligible small businesses and community-based partners in the region. A total of [post_excerpt],000,000 in loan capital (priced at 3%) is designated for loans generally sized between ,000-0,000, according to VCC. Eligible uses include: • business acquisition; • debt refinancing; • equipment financing; • owner-occupied real estate; • Working capital lines of credit. Eligible...
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