Financing for Businesses, Nonprofits and Entrepreneurs
Finding a source of capital is a major challenge for start-up businesses and entrepreneurs. The small businesses and entrepreneurs we serve typically don't come to us with high profit margins or valuable collateral, and that's okay. We work closely with our borrowers to make sure they have a solid business plan. For borrowers who are not quite ready, we can offer free resources and advice to lay the groundwork for their venture.
Our small business owners and nonprofits come in all shapes and sizes, often with unconventional business models. Examples of our borrowers include cooperatives, solar and biofuel providers, green businesses, churches and social service organizations. We're proud that 40% of our business lending has been to woman-owned enterprises.
In all, we've provided $1.5 billion to businesses and nonprofits and community facilities providers, helping our borrowers maintain and create more than 46,900 jobs.