There have been a lot of exciting updates for both LEND and our client businesses as we continue to provide emergency funding and training services. We partnered with the City of Evanston for a $100,000 emergency funding program. We also fundraised close to $50,000 through programs with the Downtown Evanston business alliance and our ever-supportive LEND community. We distributed $93,000 in zero-interest loans and will continue to support businesses as they continue their recovery.
We have expanded our training programs during the summer months and are expanding our team to accommodate the demand. A special thank you to all of the LEND alumni who have provided their support to LEND student teams over the past few months. Your advice has been invaluable and has allowed us to process loan applications faster than ever before.
Evanston has entered Phase 4 of Governor Pritzker’s recovery program. This means that many restaurants are able to accommodate more patrons, salons can re-open and people are welcome to shop at their favourite local establishments. There is a long way to go before we reach full recovery, but the perseverance and creativity of the Evanston business community continues to astound us.
Jun 16, 2020
LEND's Response to COVID-19
By Femke Munting - President
LEND has spent the past three months supporting the small business community in Evanston through zero-interest, flexible repayment microloans and pro-bono consulting. Small businesses have been struggling in the face of the COVID-19 pandemic. Many have not received access to much-needed programs such as PPP and EIDL, and LEND has worked to partially fill that gap for businesses in Evanston.
We have partnered with the City of Evanston to distribute $100,000 to local businesses. We have also focused on our own fundraising in order to support these efforts with the City. Evanston is a resilient city filled with many successful businesses and we will continue to support them in the coming months. These are challenging times for all of us, but LEND has always believed in the power of community. We remain Evanston strong!
Jan 24, 2020
New Year, Same LEND!
By Femke Munting - President
Hello all! We hope you all had a wonderful holiday season and are looking forward to the year to come. The LEND team and I spent the break thinking of new ways to increase client acquisition and improve the support we provide for our existing clients. We hope to spend the next few months increasing our involvement in the Evanston community and spreading the word about the loaning and business development services we provide. LEND recently added a student organization branch on the Northwestern University campus which will allow us to host more events and increase awareness about our organization amongst the student body. Winter is always a particular challenge for our clients as the cold weather brings in less foot traffic, but we have spent the past few years learning from previous mistakes and hope to mitigate the negative effects of winter as much as possible. As always, we greatly appreciate your support!