VEDC Lending to Small Businesses During SBA Program Shutdown

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LOS ANGELES--(BUSINESS WIRE)--Despite the shutdown this week of the Small Business Administration (SBA) 7(a) loan program, VEDC’s $65 million in available capital will allow the non-profit to continue serving small businesses with direct and SBA loans. VEDC capital is available to lend in California, Nevada, Utah, Illinois, Florida, Connecticut, New Jersey, and New York. SBA 7(a) loans are used to launch start-up businesses, as well provide ongoing capital for a wide range of operational needs.

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