Commitment to Action

Real Money for Real People Creating Real Jobs

Commitment by

Valley Economic Development Center (VEDC)

In 2013, the Valley Economic Development Center, doing business as Aquaria Funds, committed to provide $85 million in new loan capital to 500 small businesses across the United States, contributing to the creation or retention of 1,700 jobs and 100 new businesses over the next three years. The average loan amount will be between $175,000 to $225,000, which for the average small business provides the capital needed to grow and ultimately create more jobs. This commitment further expands the organization's mission of providing loan capital to small businesses onto a national platform, expanding its reach beyond its home state of California.

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Overview
Summary

Commitment

Real Money for Real People Creating Real Jobs

Launched

2013

Est. Duration

3 years

Estimated Total Value

$95,000,000

Region

Northern America

Countries

United States

Commitment by

Valley Economic Development Center (VEDC)