/PRNewswire/ The Freedom Bank of Virginia (OTCQX: FDVA), (the "Bank" or "Freedom") today announced net income of $2,468,211, or $0.34 per diluted share, for.
Freedom Bank to Assist in Funding the New NOVA Technology Loan Fund
Bank seeds a new $50,000 revolving loan fund focused on financing and technical assistance for minorities and entrepreneurs of color in the DC Region.
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FAIRFAX, Va., Jan. 19, 2021 /PRNewswire/ The Freedom Bank of Virginia (OTCQX: FDVA) announced today that it will assist in funding a new $50,000 revolving loan fund called the NOVA Technology Loan Fund (the Fund). The new Fund will help provide financing and technical assistance for minorities and entrepreneurs of color in the DC Region, specifically those located in Northern Virginia, who are suffering substantial economic injury because of the Coronavirus (COVID-19) outbreak. The Fund will be seeded by Freedom Bank and the Northern Virginia Technology Council (NVTC) and together they will seek additional funding partners. The Fund will be administered by the Community Business Partnership, Inc. (CBP).