[WATCH NOW] VEDC and JP Morgan Chase & Co. Livestream from Los Angeles

New fund will provide financing for businesses across all industries

VEDC and JPMorgan Chase & Co. have announced a lending program for African American-owned small businesses in New York City, Chicago, and Los Angeles.

The National African American Small Business Loan Fund will boost economic opportunity for minority-owned businesses in these cities and help them serve low-income communities by providing them with greater access to capital, technical assistance, and financial consulting.

Facilitated by VEDC, a Los Angeles-based Community Development Financial Institution (CDFI), this new fund will provide financing for businesses across all industries.

[Related: Black Businesses Benefit From $30 Million in Lending With Help From JPMorgan Chase]

Click here to watch the livestream of the fund launch, happening now with Beverly Johnson, super model turned business owner, and a great panel will share thoughts on the importance of providing access to capital for entrepreneurs in the African American community.