12 JUL 2013

Goldman Sachs 10,000 Small Businesses Provides $4 Million in New Loan Funds for Virginia's Businesses

On July 9th, 2013, Virginia Community Capital (VCC) announced it is collaborating with Goldman Sachs 10,000 Small Businesses to deliver capital to small businesses in communities across the commonwealth.

As part of an ongoing national initiative, Goldman Sachs and the Goldman Sachs Foundation have pledged $4.4 million to support the work of regional partner VCC, one of Virginia's largest Community Development Financial Institutions. The funding includes $4 million going directly to VCC's loan fund to lend money to small businesses that are growing and creating jobs in low- to moderate-income areas and an additional $400,000 to support programming to expand VCC's small business lending outreach and assistance as well as provide a loan reserve fund.

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