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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

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

La Esperanza Community Real Estate Cooperative

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

La Esperanza Community Real Estate Cooperative

17 Westside Drive Purchase Loan

Purchase of additional commercial property by La Esperanza Cooperative to further the mission of community owned properties to steward, protect and strengthen the Emma Community. The property is located in Emma and less than a mile from La Esperanza Community Real Estate Co-op.

Asheville, United States
December 22, 2022
US $2,635,100.00

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

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
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