OFN Ally Locator

Services Offered:

Description:

Accion creates economic opportunity by partnering with small business owners to provide access to capital and business support to grow healthy enterprises and contribute to thriving local economies. We are a nationwide network of mission-based lenders combining deep local knowledge with cutting-edge lending solutions and unmatched personalized advising. We serve small businesses anywhere in the U.S. through four independent, regional community development financial institutions (CDFIs) and a national office that invests in innovation, technology and information sharing to benefit the entire network. Since 1991, Accion has lent over $491 million to more than 57,000 businesses and provided more than 500,000 entrepreneurs with advising services. As a result, these businesses have collectively generated and sustained more than 22,000 jobs in communities across the U.S. Globally, for more than 50 years Accion has helped over 90 partners serve the financial needs of tens of millions of people in 40 countries. For more information on Accion small business loans in the United States, please visit https://us.accion.org.

Services Offered:

Adelante Fund - an extension of MEDA - offers loans of up to $100,000 to San Francisco Bay Area small-business owners. All loan recipients receive pre- and post-loan closing technical assistance from our Business Development Program, offered in English and Spanish. By supporting our borrowers with business coaching, we are able to consider small-business owners who are often deemed high risk by other microlenders. Ultimately, these small-business owners create jobs within San Francisco’s lower-income communities. Our loans can be used for any legitimate business purpose: startups, supplies and inventory, equipment, lease improvements, vehicles, purchasing a business, business debt consolidation and working capital.

• We offer fixed-rate term loans that range from $5,000 to $100,000. Our loan products are offered in combination with our business coaching. It is one combined product. We offer our coaching and the loans in English and Spanish.
• We charge 7–9% interest, which is far lower than credit card rates or other non-bank lenders, and is also competitive with many banks.
• We offer 3-year and 5-year terms, and there is no prepayment penalty.
• All loans are reported to the credit bureaus. So, you will be able to build credit with our loans.
• There is no cost to apply.
• ITIN holders are encouraged to apply.
• Our most important approval criterion is establishing that you have the capacity to repay the loan.
• We do not have a minimum credit score, although your credit history will be considered.

Description:

Adelante Fund provides access to capital to small-business owners who cannot get a loan at a traditional bank in the San Francisco Bay Area. Our service area includes the nine Bay Area counties: Alameda, Contra Costa, Marin, Napa, San Francisco, San Mateo, Santa Clara, Solano and Sonoma.

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Description:

Services Offered:

Aeris provides ratings, data, and consulting that support investment in underserved places and people. Learn more at: http://aerisinsight.com/products/

RATINGS

• Aeris Rating Reports draw on Aeris’ deep expertise and leverage its proprietary system for assessing CDFI impact and financial performance, risk, and mitigants.

DATA

• Aeris Performance Maps provide access to real-time, GAAP-compliant financials, impact performance data, and all the tables and graphs from Aeris Ratings Reports. Aeris Explorer is the industry's first web-based CDFI analytics tool.

CONSULTING

• Aeris consultants create and apply custom financial and impact assessment tools, perform entity- and fund-level risk analyses, provide training on investment underwriting for CDFIs and other impact investments, and a wide range of other services.

Description:

Aeris guides capital to good. Since 2004, the nation’s leading community investors have used Aeris’ ratings, data, and consulting to evaluate opportunities that meet their impact goals and risk parameters. Aeris’ clients range from large financial institutions, to mission-driven charitable foundations, to government, to private wealth managers, and more. Learn more at www.aerisinsight.com.

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AGC is a leading provider of business loans utilizing programs offered by the Small Business Administration (“SBA”) and the U.S. Department of Agriculture (“USDA”), providing financing up to, and in some cases exceeding, $10 million.

Description:

Alaska Growth Capital BIDCO, Inc. (“Alaska Growth Capital” or “AGC”) is an innovative alternative lending company based in Anchorage, Alaska, and doing business throughout the northwestern United States. AGC was founded in 1997 as Alaska’s first Business and Industrial Development Corporation (“BIDCO”), created to promote economic development and job creation by providing loans, investments, and management assistance to businesses.

Alaska Growth Capital is an eight-time SBA Community Lender of the Year, and is a Native-owned certified Community Development Financial Institution (Native CDFI). AGC has successfully secured and deployed $90 million of New Market Tax Credits (NMTC), and provides professional servicing of all assets in its portfolio. AGC is a major lender to the rural and low-income regions in Alaska that are often under-served by the traditional banking system, including many Alaska Native Corporations.

Since AGC opened its doors in 1997, it has provided over $500 million in capital to its customers, helping them to create and maintain tens of thousands of jobs. AGC is currently doing business in Alaska, Hawaii, Montana, Washington, Colorado, and Idaho.

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Description:

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Small Businees loans and Financial counciling

Description:

Appalachian Growth Capital is an aspiring CDFI in the start up phases serving the Southeastern Appalachian counties of Ohio

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Investment Management

Description:

We are a new impact investment fund manager that allows simple, low-risk, place-based investing via our online web platform.

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Description:

At Asian Services In Action, Inc. (ASIA) we strive to empower and advocate for Asian Americans and Pacific Islanders (AAPIs); and to provide AAPIs and other communities access to quality culturally and linguistically appropriate information, health, and social services.

Asian Services In Action, Inc. (ASIA) was founded in 1995 by four women who sought to improve the quality of life for Asians in Northeast Ohio. Serving as the only Asian American and Pacific Islander focused health and social services 501(c)(3) organization in the State of Ohio, ASIA has taken on the most challenging tasks to help the underserved, low-income and immigrant communities across the state. Today, the organization provides social services and health services for over 58,000 individuals coordinated out of four offices located in Cleveland and Akron, Ohio. ASIA provides culturally and linguistically appropriate resources to ensure effective programming that addresses the needs of the community.

We want AAPI individuals, families, and communities to

• progress further along the path towards self-sufficiency;
• be deeply engaged in civic life; have equal access to opportunities;
• be well understood through the vast availability of community data and information;
• and achieve optimal health and well-being.

Institutions, systems, and organizations will have greater competency and awareness of the AAPIs and other vulnerable communities leading towards improved policies and practices.

Services Offered:

Our focus is on supporting businesses that provide self-employment income and social enterprises that seek to intentionally hire those in poverty and address related social and environmental challenges in Lancaster. We do this by assisting low-income entrepreneurs with business education, technical assistance, credit-building microloans, and peer business networking. We provide social enterprise education, technical assistance and grants through the Great Social Enterprise Pitch, a business planning competition for enterprises addressing social or environmental needs. We offer impact financing directly connected to creation of thriving-wage jobs and we offer an assessment tool in conjunction with B Lab, for businesses to measure their environmental and social performance in the community.

Description:

ASSETS creates economic opportunity and cultivates entrepreneurial leadership to alleviate poverty and build vibrant, sustainable communities. For over 20 years, ASSETS has been committed to transforming our communities through business.