Commitment to Action

Elevating Entrepreneurs: UBS Small Business Advisory Program

Commitment by

UBS Wealth Management USA

In 2012, building off the success of a New York City pilot, UBS committed to expand its Small Business Advisory Program to 20 additional small businesses in Los Angeles and Chicago. A mentorship team of a UBS Financial Advisor and a UBS client will meet at least six times with a small business owner over six months to identify goals and plans to grow and strengthen the business in areas such as revenue growth, expansion, and capital access. As a new component of the Advisory Program, UBS will be offering loans-between $50,000 and $250,000-to small business in these two metro areas. Specifically, $10 million has been earmarked for Los Angeles and $5 million for Chicago. To strengthen the success of the commitment, UBS is partnering with Chicagoland Chamber of Commerce and the Mayor's office in Los Angeles, who will help identify mentee businesses and help provide additional technical assistance to these growing enterprises.

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Overview
Summary

Commitment

Elevating Entrepreneurs: UBS Small Business Advisory Program

Launched

2012

Est. Duration

3 years

Estimated Total Value

$15,000,000

Region

Northern America

Countries

United States

Commitment by

UBS Wealth Management USA

Partner(s) of the Commitment Maker(s)

Chicagoland Chamber of Commerce, City of Los Angeles