Earlier this week at their “Power of Microbusiness” conference, AEO, the national trade association for microbusiness announced week their “One in Three” initiative – a national campaign to bring capital and much-needed business development support services to one million microbusiness owners in the United States. Our Founder, Mitch Jacobs is the co-chair of the campaign.
The “One in Three” campaign is focused on growing microbusinesses – (which are characterized as businesses with less than 5 employees). If just 1 in 3 of these business hired one employee – the United States would be at full employment.
We are excited to be powering the underwriting and servicing platform for the initiative, which will allow AEO and its partners to efficiently deliver capital to small business nationwide. The first loan delivered through the initiative is expected to happen soon – we’ll keep you posted as we work with the AEO to grow microbusinesses.
Read the press release on the initiative here.