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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

Phat Daddy's On Da Tracks

Allocation of Contingent Funds Towards Marketing

The purpose of this credit memo is to secure $13,600 in financing for marketing, base building, and customer retention activities and materials, which falls under Goal 3 on our initial marketing plan and goals.

Charleston, United States
November 10, 2022
US $13,600.00

Flippin' Birds

Working Capital for Food Truck Pivot

This loan is a refinance of loan #10755 to include additional working capital for established food truck.

New Orleans, United States
December 6, 2023
US $235,775.13

Bella Vista Mobile Home Park

5 Mt Carmel Mobile Home Park Purchase

Purchase of a 16 lot mobile home park, including 10 mobile homes (9 singlewides and 1 doublewide)

Asheville, United States
November 29, 2023
US $1,430,000.00

El Ejido

Carolina Wren property purchase loan

Purchase and due diligence expenses for a raw piece of land that will be developed into a new mobile home park.

Asheville, United States
December 1, 2024
US $570,000.00

Sourwood Community Real Estate Cooperative

Sourwood MHP Home Purchase & Repair Loan

Maintenance and repairs for health, safety and quality of life improvements to Sourwood Community + refinancing of 3089 + 3531.

Asheville, United States
February 28, 2022
US $895,526.64
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