Microfinance Archives – Ventures https://www.venturesnonprofit.org/blog/category/microfinance/ Empowering Entrepreneurs with Limited Resources and Unlimited Potential Tue, 17 Sep 2024 16:57:13 +0000 en-US hourly 1 https://wordpress.org/?v=6.9 https://www.venturesnonprofit.org/wp-content/uploads/2020/04/cropped-Ventures-Logo-Square-32x32.jpg Microfinance Archives – Ventures https://www.venturesnonprofit.org/blog/category/microfinance/ 32 32 Applications Are Open for Ventures’ 2022 Spring Mini – Grants https://www.venturesnonprofit.org/ventures-spring-minigrants-2022/ Fri, 15 Apr 2022 21:56:27 +0000 https://www.venturesnonprofit.org/?p=19045 Each spring since 2020, Ventures has deployed mini-grants to small businesses for support with start-up, growth, and recovery. The Spring Mini-Grant program started in 2020 as an emergency response to the COVID–19 pandemic. The initial Mini-Grant fund was created with generous support from individual donors. In 2021, thanks to a grant from Wells Fargo and […]

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]]> $1 Million in Grants Deployed to Help Diverse Puget Sound Small Businesses Stay Open https://www.venturesnonprofit.org/1-million-in-grants-deployed-to-help-diverse-puget-sound-small-businesses-stay-open/ Thu, 10 Jun 2021 17:41:10 +0000 https://www.venturesnonprofit.org/?p=15330 Ventures is excited to announce that over $1,000,000 has been deployed to small businesses in grant funds since the start of the pandemic. In 2020, Ventures distributed $918,000 in direct cash assistance to 299 small and micro businesses in our community. With generous support from Wells Fargo and its Open for Business Fund, we closed […]

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]]> Ventures awarded $350,000 grant from Wells Fargo to help Puget Sound businesses stay open https://www.venturesnonprofit.org/ventures-awarded-350000-grant-from-wells-fargo-to-help-puget-sound-businesses-stay-open/ Tue, 23 Feb 2021 20:31:06 +0000 https://45.55.34.161/~ventures/?p=14958 Open for Business Fund supports diverse entrepreneurs impacted by the pandemic SEATTLE – Feb. 23, 2021 – Ventures, a nonprofit Community Development Financial Institution (CDFI), has been awarded a $350,000 grant from Wells Fargo to help small businesses stay open and save jobs in the Seattle area. The funding will help Ventures provide 170 micro-grants, […]

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]]> What Business Owners Need to Know About Paying Their Employees in 2021 https://www.venturesnonprofit.org/what-business-owners-need-to-know-about-paying-their-employees-in-2021/ Thu, 18 Feb 2021 00:08:27 +0000 https://45.55.34.161/~ventures/?p=14948 What Business Owners Need to Know About Paying Their Employees in 2021 Year-end offers entrepreneurs the chance to plan ahead and get prepared for required financial or administrative changes. According to state and federal laws, businesses with employees are required to pay their workers a minimum amount. Updates to these minimum pay standards are coming […]

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]]> Nuestro 25 Aniversario https://www.venturesnonprofit.org/nuestro-25th-aniversario/ Mon, 28 Dec 2020 17:32:52 +0000 https://45.55.34.161/~ventures/?p=14869 Esta época del año en Ventures es usualmente acogedora, festiva y de conexion. Nuestra oficina está decorada con oropel y adornos, y con golosinas caseras para compartir. Nuestro equipo se reúne con clientes, donadores, voluntarias/os y socias/os de negocios locales para hacerles saber cuánto se les aprecia. Terminaríamos el año juntos, comprando regalos en el […]

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]]> 25 Year Anniversary https://www.venturesnonprofit.org/25-year-anniversary/ Mon, 28 Dec 2020 17:20:29 +0000 https://45.55.34.161/~ventures/?p=14866 This time of year at Ventures is cozy, festive and connected. Our office is decorated with tinsel and bows, and fully stocked with homemade goodies to share. Our team is meeting with clients, donors, volunteers and partners at local businesses to let them know how much we appreciate them. We’d end the year together, shopping […]

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]]> Burien Stories of Small Business Resilience: Seeds & Sprouts https://www.venturesnonprofit.org/burien-small-business-seeds-sprouts/ Tue, 22 Dec 2020 21:45:51 +0000 https://45.55.34.161/~ventures/?p=14863 “I have the responsibility to do something different.” As an orphan, Iris Ruiz never felt like she was truly a part of a family.  Growing up, Iris moved around a lot living with various family members in Oregon and California, and eventually moved back to El Salvador when she was 15 years old.  It was […]

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]]> Burien Small Business Stories of Resilience: Emerald City Mattress https://www.venturesnonprofit.org/burien-small-business-emerald-city-mattress/ Mon, 21 Dec 2020 18:19:39 +0000 https://45.55.34.161/~ventures/?p=14860 “We are the owners of our own time. Having your own business gives you the opportunity to do that!” Eight years ago, Celina Aguiniga and her husband decided to stop making mattresses for other companies and start their own small business in Burien. “All of our lives, we have worked for someone else and we […]

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]]> Burien Small Business Stories of Resilience: Celeste Boutique https://www.venturesnonprofit.org/burien-small-business-celeste-boutique/ Mon, 14 Dec 2020 23:29:02 +0000 https://45.55.34.161/~ventures/?p=14857 “There are a lot of projects going on in Burien and that feels exciting.” Vilma Aguilar spent her childhood in San Salvador, El Salvador, where she helped her parents with their import business. She enjoyed the hustle and bustle of her family’s vocation. “I grew up in those markets,” she reflected. Vilma moved to the […]

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]]> Why Ventures CARES More https://www.venturesnonprofit.org/why-ventures-cares-more/ Fri, 18 Sep 2020 16:24:06 +0000 https://45.55.34.161/~ventures/?p=14533 Ventures borrows funds from the Small Business Administration (SBA) as an intermediary lender to then lend to Ventures clients. We have been an SBA intermediary lender for 17 years. With the CARES Act in place, we are pleased that the SBA is making up to six months of principle and interest payments on behalf of […]

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