The Venture Jobs Foundation is taking applications for its Rochester Fund, which is a micro-enterprise loan fund, in partnership with the City of Rochester and other local organizations. Qualified clients can receive loans in the range of $10,000-$50,000 with repayment up to 5 years. Interest rates are extremely competitive at 5%. These are available to businesses that are not viable candidates to receive funds from established commercial lenders, but that the VJF determines have the financial capacity to repay the loan according to its terms.
- You must have been in business for at least 1 year with regular revenue
- Your business must be located in a low income neighborhood in the City of Rochester, or the investment will go to an operation in such a location
- Your investment must lead to the creation of at least 1 new job over three years
- You must demonstrate the financial sustainability of the business and your ability to repay the loan
Assistance is also available to prepare applications. Business mentoring support may be offered or required for making a loan.
Those interested in learning more about our loan programs may contact the VJF by email at email@example.com.