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Southern Reparations Loan Fund is a network of loan funds that lend to democratically-governed enterprises that meet the needs and elevate the quality of life of African American, immigrant, and poor white communities in the US South. SRLF network members focus their lending to start-ups and expansions of democratically-governed enterprises that meet the needs and elevate the quality of life of African Americans, immigrants, poor whites, and others who have been systematically damaged by exploitation and oppression. Our aim is to nurture the development of businesses that maximize community benefit, rather than the narrow concept of maximizing profit. The SRLF network began life in 2015 as a single, centralized loan fund. The goal of SRLF is to serve the entire South – a region of almost a million square miles. Since SRLF came into existence, we’ve re-learned a key lesson about effective lending – it has to be rooted in place at a level of “local-ness” that we can’t achieve across a 14-state region through a centralized model. Being local allows for the kind of contextual understanding, relationship-building and close-at hand technical assistance that new and growing enterprises need. website: https://southernreparations.org/ facebook: @SouthernReparations

Loans

Pagoda Cafe

Working Capital Loan for Cash Flow Regulation

Working capital loan to address cash flow thru 2024

New Orleans, United States
October 5, 2023
US $60,000.00

Phat Daddy's On Da Tracks

ERP Grant: Working Capital to Implement Business Rescue & Achieve Break Even

Working capital to assist the cooperative recover from the COVID-19 pandemic

Charleston, United States
July 26, 2023
US $25,000.00

BG'z L.A. Street Taco

Pilot loan: Equipment, Supplies, & Member Wages (6 weeks)

Pilot loan for co-op members to continue their momentum and grow their customer base during the highly attended multifest.

Huntington, United States
July 27, 2023
US $36,083.00

Power in Numbers Bookkeeping

Power in Numbers Business Growth Loan

Loan to bring on an experienced bookkeeper and provide raises to worker owners and provide more benefits. This capital will be used to increase capacity and allow coop to scale their work at a sustainable pace.

Asheville, United States
August 1, 2023
US $45,000.00

Las Casitas Real Estate Cooperative

Las Casitas Property Refinance

This is a refinance of loan #2723 (6 Lacey Lane Purchase Loan) to lower the interest rate to 5%, per Seed Commons real estate guidelines

Asheville, United States
March 1, 2022
US $124,740.67
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