Clear Vision Impact Fund to Provide Loans to Minority Small Businesses

The Clear Vision Impact Fund of Siebert Williams Shank & Co. (SWS) announced Thursday that it will begin making small loans to small businesses owned and operated by minorities or serving underperforming communities that have experienced a lack of support .

The Clear Vision Impact Fund was launched last year by the financial services company and has received capital commitments from Microsoft, Apple, Comcast, eBay and Constellation Brands. Each brand has made a significant financial commitment to advance racial equity and economic opportunity.

The funds will go to small businesses that employ, train and serve minority and underserved communities and the people who live and work in those communities. The effort will not only help businesses in these communities thrive by associating them with their community. This will also help in developing these businesses from their closest proximity to other areas.

Mike Cavanagh, chief financial officer of Comcast, said in a statement that the Clear Vision Impact Fund presented an opportunity too good to pass up.

“Suzanne Shank, Chris Williams and their team have created an incredible platform to provide
companies operating in underserved markets with immediate and critical capital
critical moment, ”Cavanagh said in a statement. “We hope that our $ 25 million investment in the Clear Vision Impact Fund and the excellent ongoing partnership with Siebert Williams Shank & Co. will have a significant impact on various communities nationwide, as our business continues to grow. ” accelerate its efforts to tackle systemic problems.
inequality and create a more equitable society.

Qualifying small business owners can apply for a loan at [email protected]

Apple Vice President and Treasurer Gary Wipfler said the Clear Vision Impact Fund will provide multiple windows of opportunity for those with great ideas but lacking the capital to carry them out.

“Providing capital to minority-owned businesses is essential for economic growth and employment
opportunities for the future in all communities across the country, ”said Wipfler. “Apple is proud to be part of the Clear Vision Impact Fund and to support its work to tackle inequalities by expanding access to
opportunity.”


Source link

Comments are closed.