Business Impact NW
Theo Ransum currently serves as a Business Lending Officer at Business Impact NW, a nonprofit Community Development Financial Institution focused on supporting underbanked entrepreneurs through coaching, classes, and access to capital. Prior to this role, Theo held the position of VP/Loan Officer at Evergreen Business Capital, where expertise was developed in Small Business Administration (SBA) and Certified Development Center (CDC) loan programs, collaborating with lenders to facilitate small business loans across the Northwest region.
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Business Impact NW
Business Impact NW provides coaching, classes, and capital to meet the needs of low/moderate-income business owners and underserved areas in Washington and Oregon; particularly, serving women, persons of color, veteran, immigrant, and LGBTQ+ owned businesses in order to create positive economic impact within these communities. Business Impact NW offers financing and coaching services at every stage in a business’s development. Through our in-house programs, we offer support classes and one-on-one counseling for all entrepreneurs, from startup to established business ownership. As a community lender, we offer business loans from $5,000-$350,000 to qualified small business entrepreneurs. We also focus on partnerships across the Pacific Northwest in order to deliver robust opportunities. This collaboration includes credit unions, banks, corporations, private foundations and gov’t agencies including the SBA and CDFI; local gov’t HUD and economic development departments; our own robust training/coaching programs with the WA Women’s Business Center and the Veterans Business Outreach Center; and diverse local community development not-for-profit partner organizations.