Lending. The Loan Fund makes loans to:
- small businesses dedicated to bringing quality employment opportunities and/or needed services to economically disadvantaged communities;
- nonprofit organizations providing childcare, healthcare, education, training, art and social services in marginalized communities; and
- affordable housing developers that
construct and rehabilitate homes and shelters affordable to low-income families.
Technical Assistance: The services of the Loan Fund’s Technical Assistance Program are made available to all borrowers and selected potential borrowers at no charge. Often small business owners do not have experience in running their own businesses, or nonprofit clients need a little extra assistance in a particular area of nonprofit management. Technical assistance helps clients improve their skills and guides them toward ‘bankability’. The Loan Fund emphasizes individualized, one-on-one interaction with clients, and also provides group facilitation and workshops. Small business clients receive assistance in areas such as business planning, marketing, financial management and human resources. Nonprofit clients benefit from expertise in organizational development, board development, systems management, strategic planning, program planning and development.
Investments by individuals, as well as institutions such as Calvert Foundation, provide the lending capital to the Loan Fund.