Technology News

UBS Funds Small Business Lending Vehicle

Tuesday, December 10, 2013 5:00:00 AM PDT | VentureDeal

   New York, New York  --  UBS announced its funding of a small business loan program for the New York metropolitan region.

Funded through the Tri-State Business Opportunity Fund (TBOF), the facility will provide up to $20 million for qualified small business owners in New York, New Jersey and Connecticut.

Targeted loan sizes will be between $50,000-$500,000.

TBOF is a nonprofit lending entity created by the Valley Economic Development Center through its alliance with UBS.

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