Posted on November 8, 2021
| 3:20 p.m.
Through a grant from Kaiser Permanente and the National Association of Latin American Community Asset Builders (NALCAB), Women’s Economic Ventures (WEV) has announced the recipients of the Forgivable Business Loan and Coaching Program.
Five small business owners in Ventura County will each receive free technical assistance and training, along with repayable funding of $ 10,000, to support their recovery and growth. Program information on the WEV website.
The beneficiaries of WEV’s repayable business loan and coaching program are:
Luisa Arzate, Marfer Ink (printing and marketing, Oxnard)
Blanca Hoffmeier, SWPPP CAL (Stormwater Management, Thousand Oaks)
Rochida McClure, McClure Counseling & Consulting (Behavioral Health Therapist, Ventura)
Arturo and Julio Palencia, Mexa Brands, LLC (importer and distributor, Ventura)
Lillie Parker, WaterLillie Salon (Hair Salon, Ventura)
“What a great feeling to know that there are organizations in our own community like WEV! WEV is the resource for small business owners like me, ”said participant Blanca Hoffmeier.
“It’s hard for those of us who grew up speaking English at home and not having a head start,” she said. “Yet with WEV behind us, we know there are people who understand us, who are ready to coach us and encourage us to believe in ourselves to achieve our goals.”
Research in California earlier this year by the Small Business Majority found that 32% of minority business owners were denied a loan, compared to 17% of white business owners. Without access to capital, many underserved small business owners are at a higher risk of not recovering from the pandemic, which will impact the future and vitality of our local communities.
“This program is the ideal combination to provide essential business capital and mentoring to local women and minority entrepreneurs,” said Marni Brook, director of loans at WEV. “Add in the support of the WEV community, and we now have a recipe for local business owners to grow, prosper and build for the future. “
WEV plans to launch an expanded version of the repayable business loan and coaching program to include both Santa Barbara County and Ventura County small business owners.
To learn more about Women’s Economic Ventures, visit www.wevonline.org.