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Find similar grantsEXCELerate Loan Fund 2.0 is sponsored by Brooklyn Alliance Capital Inc. Provides loans to established BIPOC-owned businesses in Brooklyn seeking growth capital, supported by the Social Justice Fund of the Joe & Clara Tsai Foundation.
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Financing - Brooklyn Chamber of Commerce Brooklyn Alliance Capital, Inc. Brooklyn Alliance Capital, Inc. provides financing to under-served minority and immigrant entrepreneurs and low-income small business owners to increase financial stability and foster economic growth that will create jobs in Brooklyn.
Our federally certified Community Development Financial Institution (CDFI) offers micro-loans of $500-$25,000 to small and medium size businesses. For more information contact Stevenson Joseph at [email protected] 718 875 1000 ext. 133 Start your application HERE Loans of up to $50,000 are available to established businesses seeking growth capital, with interest rates ranging from 2% to 5%.
The Brooklyn EXCELerate Loan Fund, supported by the Social Justice Fund of the Joe & Clara Tsai Foundation, targets BIPOC-owned businesses in Brooklyn, providing loans to support equitable economic growth in the community.
About The Joe & Clara Tsai Foundation Social Justice Fund The Social Justice Fund (SJF), an initiative funded by Joe and Clara Tsai Foundation , centers its work around Economic Mobility and Racial Justice for BIPOC populations in Brooklyn.
As part of this commitment, the SJF is partnering with the Brooklyn Alliance Capital, the Brooklyn Chamber of Commerce's Community Development Financial Institution (CDFI), and TruFund Financial to assist BIPOC-owned businesses who have been impacted by COVID and the economic shutdown, in restarting and recovery. The SJF will provide a $2.
5 million investment to be managed by the BAC and TruFund, to be deployed through unique and flexible loan products structured to assist BIPOC businesses who cannot obtain restart capital through other resources. Start your application HERE
According to the current listing, eligibility includes: Established BIPOC-owned businesses in Brooklyn. Confirm the full requirements in the official notice before applying.
The current listing shows up to $50,000. Verify award ceilings, matching requirements, and allowable costs in the official notice.
EXCELerate Loan Fund 2.0 is funded by Brooklyn Alliance Capital Inc. Verify program details on the funder's official page before applying.
Start from the official opportunity page linked in this listing — it carries the sponsor's submission instructions.
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