About VEDC’s Tri-State Business Opportunity Loan Fund
VEDC’s Tri-State Business Opportunity Loan Fund was established with a $20 million commitment from the UBS Elevating Entrepreneurs initiative, to provide loans of $50,000 to $500,000 to qualified small business owners in New York, New Jersey and Connecticut. The loans are available to small businesses that do not qualify for a traditional small business bank loan due to an insufficient credit score, historical cash flows or collateral. VEDC-TBOF’s mission is to help create jobs and promote economic development. It emphasizes women- and minority-owned businesses, as well as those located in low- to moderate-income communities. VEDC-TBOF strongly believes that a combination of entrepreneur education, technical assistance, and access to capital are paramount to small business success. Which is why small business owners, looking for funding, are strongly encouraged to attend the NY Business Expo & Conference on Oct. 30th. For more information on acquiring a VEDC-TBOF loan call 212.231.4310 or go to our website: www.vedc.org
