As 10,000 Small Businesses continues to expand, it is seeking capital partners, a majority of whom will be located in or capable of deploying loan capital to small businesses in urban areas.
Selected partners are eligible to receive a combination of capital and
- A lending facility with a seven year term, with the first 2-3 years for deployment and the final 4-5 years for repayment. Rates will be set based on market conditions at the time of underwriting
- A grant to cover Loan Loss Reserves (LLR). Once the lending facility is repaid, the unused portion of the LLR grant may convert to unrestricted funds
- The opportunity to participate in the small business lender training workshops that GS 10,000 Small Businesses will launch in 2014 together with OFN
- CDFI Loan Funds and other mission based small business lenders may also apply for a grant to cover a portion of general operating expenses
Please submit applications and inquiries electronically to: 10KSBCapitalOpportunity@gs.com