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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

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

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

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

Chispas LLC

Chispas Property Maintenance Business Expansion Line of Credit increase

This increased Line of Credit for housing cooperative members, potential members or tenants on the path to membership will address needed maintenance on homes within the Poder Emma (El Ejido) ecosystem.

Asheville, United States
August 20, 2024
US $125,000.00

Mahetsi Community Real Estate Cooperative

Mahesti: Refinance of purchase to include repair/improvements

Refinancing of Mahetsi purchase loan 3088 to add repair and improvement lending for the cooperative.

Asheville, United States
July 31, 2022
US $496,816.00
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