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Goldman Sachs 10,000 Small Businesses Expands Support to Small Business Lenders

On October 17, 2013, Goldman Sachs announced at the Opportunity Finance Network (OFN) Conference three initiatives to support small business lenders, in conjunction with the Goldman Sachs 10,000 Small Businesses program which provides capital and business education to small business owners across the United States. 

The first initiative, the 10,000 Small Businesses Financing Initiative, delivered by OFN, will provide national training opportunities for mission-driven small business lenders to increase their capacity to finance small businesses.

The second initiative, the Small Business Leader Award, will recognize innovation and excellence by community development financial institutions (CDFIs) and other mission-driven small business lenders.

The third initiative, the 10,000 Small Businesses Capital Opportunity Request for Expressions of Interest (RFEI), invites expressions of interest from mission-driven small business lenders who want to partner in the 10,000 Small Businesses program. Pending qualified demand, Goldman Sachs 10,000 Small Businesses will commit $40 million in loans accompanied by charitable support to approved small business lenders.

Small business lenders across the country, particularly those in urban areas, can now apply for the Goldman Sachs 10,000 Small Businesses Capital Opportunity RFEI at www.goldmansachs.com/10KSB/capitalopportunity.  Proposals are due December 6th.

Small business lenders across the country can sign up to get more information on the OFN and Goldman Sachs 10,000 Small Businesses Financing Initiative at 10KSB@opportunityfinance.net. Applications will launch in 1Q2014.