The Venture Jobs Foundation expects to launch its growth lending program late in 2018 or early 2019. This program will provide growth capital to small businesses that have successfully launched operations and have solid growth opportunities. We will focus on small businesses that require capital to take advantage of growth opportunities but cannot readily secure needed funds from traditional lenders. The VJF will consider providing such growth funding needs up to a maximum based on the nature of the growth opportunity and the financial strength of the loan applicant.
Our mission is to lend to small businesses that will use our capital to continue to grow and commit to creating new, low and mid-skill jobs in challenged neighborhoods. Eligible applicants must be in a low-income neighborhood or otherwise add jobs that will be available to individuals living in such neighborhoods. If any specialized capabilities are needed, we favor businesses that can rapidly train new employees in the needed skill areas.
Those interested in learning more about our loan programs may contact the VJF by email at email@example.com.