Umpqua Bank Crowdfunding Partnership Accelerates No-Cost Financing for BIPOC, Women Entrepreneurs
Umpqua Bank – as part of the bank’s Small Business Empowerment Program – announced a partnership with Kiva, a nonprofit unlocking capital through crowd-funded loans for entrepreneurs, to spark the creation and growth of BIPOC and women-owned businesses through a new $1M Umpqua Bank Managed Loan Fund.
The fund will sit on Kiva’s innovative crowd-funding platform and will enable minority and women entrepreneurs across Umpqua Bank’s six state footprint to apply for a 0% interest loan up to $15,000.