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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

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

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

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

La Esperanza Community Real Estate Cooperative

El Porvenir Build out Bridge Loan

Primarily due to the property's stormwater, parking, and building code related renovation needs, La Esperanza is facing a gap of $400,000 for the property renovations.

Asheville, United States
October 11, 2023
US $400,000.00

Phat Daddy's On Da Tracks

ERP Loan: 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 $100,000.00
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