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Where does Initiative Foundation get the funds to lend to small businesses?

April 26, 2017businesses foundation funds Initiative lend small

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Where does Initiative Foundation get the funds to lend to small businesses?

1 Answer

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10 Posted

The Initiative Foundation operates an $11 million revolving loan pool. This pool is comprised of a blend of federal and state grants and loans. As small business loan recipients make principal and interest payments, funds are relent to other businesses.