Small businesses looking for investors have yet another option, thanks to SJF Ventures. This is the first nationally-focused impact investment fund launched through the SBA. It has the potential to give thousands of new small businesses the capital they need to get off the ground.
This program is part of the larger Impact Investment Initiative, which the Small Business Administration began in order to get investors’ money to the businesses where it will have the biggest impact on American communities. Some ways the Impact Investment Initiative does this include selecting business that employ people in areas with low or moderate income and businesses in high growth industries.
SJF Ventures III has committed to invest at least $75 million over the next five years. The investment fund is going to direct the money into businesses that are working in several key fields. These include recycling and reuse, infrastructure and efficiency, technology enhanced services, and sustainable agriculture. SJF Ventures III chose these areas because they have strong community impacts.
Beyond funding projects that will better our communities, another secondary purpose of SJF Ventures III is to create new jobs. This is why they are focusing the investments into companies that have the potential for high growth. Yours can be one of these companies.
If your business focuses on one of these areas and you have demonstrated good business management so far, you may be eligible to receive investment funding through the Small Business Administration. When you’re a small business, funding through the SBA can be a great alternative to loans from traditional business lenders. This is because the SBA is a government agency and has the overall good of the country, not necessarily profits, as one of its core goals.
If you want more information about the Small Business Administration and how to apply for funding, UnsecuredBizLoan.com is happy to help. We can teach you more about the SBA programs, and if you don’t qualify for those, we have many other lenders that may be able to help finance your business.
To apply for funding for your small business, use the form on the right to begin the application process.