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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

Mo Betta BBQ Cooperative

Mo Betta BBQ Cooperative - Jan 13, 2023

Mo Betta BBQ is a family owned LLC operating in Winfield WV (20 miles west of Charleston) interested in converting to the cooperative business model while opening an additional location.

Winfield, United States
January 13, 2023
US $67,100.00

Unity Coffee

Unity Coffee Payroll Support Loan

This is a $20,000 loan that Unity Coffee can access as needed to cover cash flow gaps and make payroll during their ramp up months.

Parkersburg, United States
February 5, 2018
US $20,000.00

Phat Daddy's On Da Tracks

New Property Purchase, Renovation

$300,000 in Financing for the purchase and renovation of a property located at 1634 6th Avenue, Charleston, a more central location for Phat Daddy's to base its operations

Charleston, United States
January 10, 2024
US $300,000.00

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

Unity Coffee

Unity Coffee Startup Loan

A startup loan for a worker-owned coffeeshop in Parkersburg, WV, which will create five part time jobs where four of those positions are worker-owner positions.

Parkersburg, United States
October 16, 2017
US $40,000.00
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