March 20, 2018
WVNews, 20 March 2018 – The Natural Capital Investment Fund (NCIF), a small business lender that supports locally-owned enterprises throughout central Appalachia and the Southeast, recently announced that it has received more than $500,000 in investment and grant support from United Bank, to increase its lending and support services to small businesses in underserved West Virginia counties.
The $500,000 equity equivalent, flexible investment is the second investment NCIF has received from United Bank and will be used to finance business and entrepreneurs in 26 counties, with an emphasis on the following: Boone, Cabell, Wood, Fayette, Kanawha, Lincoln, Logan, Monongalia, Preston, Putnam, Raleigh and Wayne. In addition, United Bank awarded its first grant to NCIF ˗ $10,000 that will support NCIF’s business coaching services in Monongalia and Preston counties.
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The $500,000 equity equivalent, flexible investment is the second investment NCIF has received from United Bank and will be used to finance business and entrepreneurs in 26 counties, with an emphasis on the following: Boone, Cabell, Wood, Fayette, Kanawha, Lincoln, Logan, Monongalia, Preston, Putnam, Raleigh and Wayne. In addition, United Bank awarded its first grant to NCIF ˗ $10,000 that will support NCIF’s business coaching services in Monongalia and Preston counties.
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