To help financially support these businesses, UMB Bank made a $200,000 investment in equity2’s E2 Notes‡, an innovative investment product that increases the amount of funding available to regional small businesses. This investment capitalizes the community-backed KC Region Small Business Relief + Recovery Loan Fund administered by AltCap to provide immediate relief to local businesses experiencing extreme economic disruption and financial strain as a result of the pandemic. One hundred percent of the funds invested in E2 Notes go directly to the relief and recovery fund.
As a Kansas City-based company, we have a duty and responsibility to support small business owners as they are the lifeblood of our communities. Our investment in E2 Notes helps us provide access to capital and reach minority- and women-owned businesses in an impactful way that will help them during the ongoing pandemic and into the future. This type of impact investing allows us to help build a more equitable and inclusive economy in our region.
UMB’s contribution was the first impact investment in E2 Notes and since launching the fund in April, $3.5 million in critical relief capital has been approved for area small businesses.
Read more about UMB’s investment in E2 Notes in these recent interviews with the Kansas City Business Journal‡ and The Pitch‡.
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