Urban League Unveils UBIZ Loan Fund For Minority-Owned Small Businesses
Post date
January 29, 2021
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By Jeremy Nobile, Crain's
The Urban League of Greater Cleveland is unveiling a program to provide capital exclusively to minority-owned small business in the Cleveland area — and it's looking for some additional donors interested in furthering racial equity in Northeast Ohio.
UBIZ Loan Fund is considered the second phase of the Capital Access Fund initiative, said Michael Obi, leader of the Urban League of Greater Cleveland's entrepreneurship center and president of UBIZ Venture Capital, the entity managing the minority-focused lending program.