Urban League Launches Loan Fund for Minority-Owned New and Start-Up Businesses | Neighborhoods

“We want to give entrepreneurs of color the capital they need to take their businesses to the next level and position them for success,” Jordan said in a statement, noting that the fund could be “essential for business owners. who may not be able to access capital through traditional means.

“We believe that this replenishment funding pool, combined with advice and support through the hub, is an investment that will help grow businesses in the South Side community, create jobs and spur more economic opportunities and development, ”Jordan said.

Urban League hopes to grow the fund through a combination of donations and matching grants.

“Here at the south end of Park Street, it’s the gateway to the city, and we have a unique opportunity to bring together an economic engine that will not only serve Park Street and Madison, but Dane County as well. “said Anthony.

“We’re not there yet, so if there are any philanthropic organizations that really want to see minority owned businesses and small businesses grow, I think we have a great plan and we have a great space. And so we’re just getting started. We need help.”

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