In response to Black business owners unable to access lending capital to survive the impact of COVID-19, Bridging Virginia’s current board chair raised $100,000 to help a credit union provide loans to 5 Black business owners in Richmond.
Now serving the entire state, Bridging Virginia’s loan clients are made up of 85% people of color, and 90% women of color. These loans give small businesses resources without credit card interest rates or payday loans—providing risk-tolerant capital at affordable rates.
Hear more from Leah Fremouw, president and CEO of Bridging Virginia, below and at bridgingvirginia.com.
