For Immediate Release October 5, 2016
Contact: Amber Cooney | Director of Communications & Development
Phone: 512-222-1006 | [email protected]
PeopleFund and MUFG Union Bank Announce Women’s Business Assistance Center
New Facility Provides Technical Assistance to DFW Women Business Owners
Dallas – On November 1st, PeopleFund and MUFG Union Bank, N.A., will host a ribbon cutting ceremony to commemorate the opening of a Women’s Business Assistance Center to serve the greater Dallas Fort Worth community. PeopleFund, a nonprofit microlender and business education provider, will staff the center and provide comprehensive entrepreneurial support for women in business. Through workshops, individual advising, mentorship, online resources, and curriculums, the Women’s Business Assistance Center will enhance women owned businesses through education and access to capital. The Assistance Center was made possible through a generous grant from the MUFG Union Bank Foundation
“This unique partnership brings together two organizations passionate about economic opportunity to provide a wealth of services for women across North Texas,” said Gary Lindner, President & CEO of PeopleFund. “We are elated to expand our women-focused programming and shatter glass ceilings with access to affordable small business capital and comprehensive business training.”
“We are excited to partner with PeopleFund, a well-respected Community Development Financial Institution in Texas, to enhance the technical assistance programs they provide for women-owned businesses that are helping drive economic growth in the greater Dallas Fort Worth community,” said MUFG Union Bank Managing Director and Head of Corporate Social Responsibility for the Americas Julius Robinson. “Small businesses are essential to our communities and we are committed to helping business owners receive tools and resources that enable them to create, grow, and sustain their businesses.”
Interested entrepreneurs may visit the Women’s Business Assistance Center located at 2801 Swiss Avenue Suite 120 Dallas TX 75204 or visit www.peoplefund.org/WBAC to book an appointment and learn more.
PeopleFund is a registered 501(c)3 nonprofit organization established in 1994. It is a U.S. Treasury certified Community Development Financial Institution (CDFI) and SBA certified lender. PeopleFund provides business loans up to $350,000 to Texas businesses that do not qualify for bank loans. It also provides client business assistance and education. The target market is minority, women, and veteran business owners and those residing in low to moderate income census tracts. Over 40% of current loans are to startups and non-profit organizations. Through access to capital and educational opportunities, PeopleFund creates economic opportunity and financial stability for underserved people to build healthy small businesses. PeopleFund inspires, educates, funds, and elevates entrepreneurs on the path to prosperity and the American dream.
About MUFG Union Bank, N.A.
MUFG Union Bank, N.A., is a full-service bank with offices across the United States. We provide a wide spectrum of corporate, commercial and retail banking and wealth management solutions to meet the needs of customers. We also offer an extensive portfolio of value-added solutions for customers, including investment banking, personal and corporate trust, global custody, transaction banking, capital markets, and other services. With assets of $116 billion, as of June 30, 2016, MUFG Union Bank has strong capital reserves, credit ratings and capital ratios relative to peer banks. MUFG Union Bank is a proud member of the Mitsubishi UFJ Financial Group (NYSE: MTU), one of the world’s largest financial organizations with total assets of approximately ¥298.2 trillion (JPY) or $2.9 trillion (USD)¹, as of June 30, 2016. The corporate headquarters (principal executive office) for MUFG Americas Holdings Corporation, which is the financial holding company and MUFG Union Bank, is in New York City. The main banking office of MUFG Union Bank is in San Francisco, California.
1 Exchange rate of 1 USD=¥102.91 (JPY) as of June 30, 2016