January of this year marked the start of Entrepreneur Devin Robinson’s Urban Business Lending Group, a certified national business loan brokers. Since then, the company has given about $2million in seed financing for fresh black entrepreneurs, especially Black-Americans.
Devin Robinson explained that the motivation behind the start of the business is because, from his experience in training and mentoring many young black entrepreneurs since 2009, he discovered they all had challenges securing start-up capital. He believes the launch of the company will cub the problem of black entrepreneurs getting loans and serve as a one-stop financial resource for black entrepreneurs.
According to their website, the company will serve as an alternative to small business loan irrespective of the bad history an black entrepreneur have in settling debts or other concerns that makes conventional banks deprive black entrepreneurs loan.
Urban Business Lending Group is located in Atlanta. They provide loans without collateral to black entrepreneurs who complete their intense black entrepreneurial training programs.
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