Category: Press Releases

Bank of America doubles support for Veteran Loan Fund to Aid Growth of Veteran-Led Small Businesses

Pioneering Fund to Grow to $100 million for Former Military Personnel   AUSTIN, TX – PeopleFund is honored to be one of twelve Community Development Financial Institutions (CDFIs) announcing the expansion of the Veteran Loan Fund, with Bank of America as the lead capital investor. Bank of America is seeding a second…

Pioneering Fund to Grow to $100 million for Former Military Personnel   AUSTIN, TX – PeopleFund is honored to be one of twelve Community Development Financial Institutions (CDFIs) announcing the expansion of the Veteran Loan Fund, with Bank of America as the lead capital investor. Bank of America is seeding a second…

PeopleFund receives historic grant from Truist Foundation

PeopleFund receives historic grant from Truist Foundation   Houston, Dec. 8, 2022 ─ Truist Foundation announced a $3.5 million grant to PeopleFund, a Texas-based Community Development Financial Institution (CDFI) and nonprofit 501(c)(3) that strives to create economic opportunity and financial stability for underserved people by providing access to capital, education and other resources…

PeopleFund receives historic grant from Truist Foundation   Houston, Dec. 8, 2022 ─ Truist Foundation announced a $3.5 million grant to PeopleFund, a Texas-based Community Development Financial Institution (CDFI) and nonprofit 501(c)(3) that strives to create economic opportunity and financial stability for underserved people by providing access to capital, education and other resources…

Veteran Loan Fund announces its first-year results, plans for second round of funding

The fund supporting Veteran-Owned Small Businesses expands   AUSTIN, Texas – The Veteran Loan Fund announced that in its first year of operations, its members have deployed more than $15 million across the country, helping 231 businesses create or retain close to 1,200 jobs. 60% of the business owners receiving financial and…

The fund supporting Veteran-Owned Small Businesses expands   AUSTIN, Texas – The Veteran Loan Fund announced that in its first year of operations, its members have deployed more than $15 million across the country, helping 231 businesses create or retain close to 1,200 jobs. 60% of the business owners receiving financial and…

PeopleFund announces new Chief Information and Operations Officer

PeopleFund announces new Chief Information and Operations Officer Laura Alatorre Kvalheim, accomplished fintech executive, joins Texas’ small business lender   Austin, Texas – PeopleFund is pleased to announce Laura Alatorre Kvalheim as the organization’s new Chief Information and Operations Officer. A seasoned financial services and technology executive, Ms. Kvalheim’s career includes positions…

PeopleFund announces new Chief Information and Operations Officer Laura Alatorre Kvalheim, accomplished fintech executive, joins Texas’ small business lender   Austin, Texas – PeopleFund is pleased to announce Laura Alatorre Kvalheim as the organization’s new Chief Information and Operations Officer. A seasoned financial services and technology executive, Ms. Kvalheim’s career includes positions…

$15 million Veteran Loan Fund closes its first round with support from Wells Fargo

$15 million Veteran Loan Fund closes its first round with support from Wells Fargo  Unprecedented initiative in support of veteran entrepreneurs gains momentum   AUSTIN, TEXAS – The Veteran Loan Fund announced today that it has raised $15 million in support of veteran-owned business, including seed funding from Wells Fargo. The Veteran…

$15 million Veteran Loan Fund closes its first round with support from Wells Fargo  Unprecedented initiative in support of veteran entrepreneurs gains momentum   AUSTIN, TEXAS – The Veteran Loan Fund announced today that it has raised $15 million in support of veteran-owned business, including seed funding from Wells Fargo. The Veteran…

PeopleFund Announces New Chief Financial Officer

PeopleFund announces new Chief Financial Officer Anthony Hedger, a seasoned financial executive, joins Texas’ small business lender   Austin, Texas – PeopleFund is pleased to announce Anthony Hedger as the organization’s new Chief Financial Officer. A seasoned financial executive, Mr. Hedger worked for Rolls Royce maritime, Petronas, CFS Bank and Vodafone playing…

PeopleFund announces new Chief Financial Officer Anthony Hedger, a seasoned financial executive, joins Texas’ small business lender   Austin, Texas – PeopleFund is pleased to announce Anthony Hedger as the organization’s new Chief Financial Officer. A seasoned financial executive, Mr. Hedger worked for Rolls Royce maritime, Petronas, CFS Bank and Vodafone playing…

BIPOC Small Business Accelerator Announcement: Houston and Fort Worth

PeopleFund is proud to announce that we deployed over $1.5M in loans and $120,000 in grants to 28 small businesses in Austin and Dallas during our inaugural cohorts. Applications open today for BIPOC Small Business Accelerator’s second set of cohorts in Fort Worth and Houston. This program will continue to provide small business owners with…

PeopleFund is proud to announce that we deployed over $1.5M in loans and $120,000 in grants to 28 small businesses in Austin and Dallas during our inaugural cohorts. Applications open today for BIPOC Small Business Accelerator’s second set of cohorts in Fort Worth and Houston. This program will continue to provide small business owners with…

The Veteran Collaborative Announces the Creation of the Veteran Loan Fund

PeopleFund is honored to be one of twelve Community Development Financial Institutions announcing the creation of the Veteran Loan Fund, with Bank of America as the lead capital investor. The Veteran Loan Fund aims to fill the financial and training gap that underserved military veterans face when building a small business. This…

PeopleFund is honored to be one of twelve Community Development Financial Institutions announcing the creation of the Veteran Loan Fund, with Bank of America as the lead capital investor. The Veteran Loan Fund aims to fill the financial and training gap that underserved military veterans face when building a small business. This…

PeopleFund Chosen To Join Starbucks Community Resilience Fund

PeopleFund is excited to announce that we have been selected to receive funding as part of Starbucks Community Resilience Fund.  The funding awarded to PeopleFund will support small business growth projects in Black, Indigenous, and People of Color (BIPOC) communities.  Starbucks has given PeopleFund access to a $3 million, 10-year credit to…

PeopleFund is excited to announce that we have been selected to receive funding as part of Starbucks Community Resilience Fund.  The funding awarded to PeopleFund will support small business growth projects in Black, Indigenous, and People of Color (BIPOC) communities.  Starbucks has given PeopleFund access to a $3 million, 10-year credit to…

PeopleFund receives Financial Assistance Award from U.S. Department of Treasury

PeopleFund is thrilled to announce that it has been selected as a 2021 CDFI Financial Assistance awardee by the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI). This generous $676,000 award will allow the organization to further expand its lending and education services in underserved communities across Texas. Over…

PeopleFund is thrilled to announce that it has been selected as a 2021 CDFI Financial Assistance awardee by the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI). This generous $676,000 award will allow the organization to further expand its lending and education services in underserved communities across Texas. Over…