GOLDMAN SACHS 10,000 SMALL BUSINESSES
Goldman Sachs 10,000 Small Businesses is a public-private partnership designed to unlock the growth and job-creation potential of small business owners. Led by co-chairs Lloyd Blankfein, Warren Buffett, Michael R. Bloomberg and Dr. Michael Porter, the program provides businesses with practical education, business support services, and access to capital since its inception in 2009. Rhode Island represents the first time that Goldman Sachs has committed to a state-wide initiative to deliver this innovative program.
To apply for financing under this program, a business must meet the following minimum criteria:
1. In business more than 2 years.
2. Minimum annual revenues of $100,000.
3. At least two employees.
Loans range from $50,000 to $500,000 and can be for any legitimate business purpose. Loans can also be made in conjunction with loans from banks, credit unions, or other financing sources.
Note: The Goldman Sachs 10,000 Small Businesses program also includes a free education program through Community College of Rhode Island. You do NOT need to complete this program to be eligible for a loan.
For more information contact:
Carol Cedrone Brennan, Director of Business Development
Rhode Island Capital
30 Exchange Terrace, 4th Floor, Providence, RI 02903