UMB supports Kansas City small business owners through unique investment fund
COVID-19 has greatly impacted small businesses across the Kansas City metro, most notably minority- and women-owned businesses in Wyandotte and Jackson County that are deemed “non-essential.”
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.
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