VEDC is a leading non-profit small business lender that is changing the way small business lending is done by making it more available, sustainable and impactful. As a national small business lender, VEDC has lent $360 million in direct and guaranteed loans to 100,000 small businesses and created more than 27,000 jobs. As a certified Community Development Financial Institution (CDFI), VEDC’s mission is to help create jobs and promote economic development in under-served communities. It provides loans and micro-financing options to small businesses, particularly those owned by women and minorities, that don’t quality for traditional bank financing.
By investing in VEDC's capacity, UBS was the leading funder of their national expansion from California, to Connecticut, New York, New Jersey, Florida, Illinois, Nevada and Utah. To date 84 small businesses have received UBS funded loans, resulting in 1,876 jobs created or retained.