New LISC SOAR Program with Opportunity for our Small Businesses to Obtain Funding

Please see the below information on the new LISC SOAR program with another opportunity for our small businesses to obtain funding.
Southern Opportunity and Resilience Fund (SOAR) is a partnership of local and national community organizations created to provide access to free business support services and flexible, affordable capital to small businesses and nonprofits with 50 or fewer employees across the South and Southeast.  Calvert Impact Capital is arranging and LISC Fund Management is managing the Fund.

• The program will be available to small businesses in 15 southern states and DC:  Alabama, Arkansas, Delaware, Florida, Georgia, Louisiana, Maryland, Mississippi, North Carolina, Oklahoma, South Carolina, Tennessee, Texas, Virginia, West Virginia and the District of Columbia.
• Thirteen CDFIs will originate loans purchased by the Fund, including Access to Capital for Entrepreneurs (ACE), Accion Opportunity Fund, Ascendus, BCL of Texas, Black Business Investment Fund, Communities Unlimited, LiftFund, NCIFund, NDC’s Community Investment Loan Fund, Pathway Lending, People Fund, Southern Bancorp Community Partners, and TruFund Financial Services. As a collaborative, these lenders have full reach across the region, have served on the front lines of the economic crisis and have decades of experience providing high-touch lending and advisory services to small businesses and nonprofit organizations. The CDFIs will be supported by leading technical assistance and business support organizations including Winrock, LISC’s local offices, and Small Business Majority, which will help with outreach, education, and hands-on business advisory services.