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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

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

Pagoda Cafe

Pagoda Cafe Real Estate & Purchase Loan

An asset sale purchase of real estate and business entities to convert an outdoor, neighborhood-based cafe into a worker-owned business.

New Orleans, United States
December 21, 2022
US $451,125.00

La Esperanza Community Real Estate Cooperative

La Esperanza Remortgage of Purchase Loans

Combine the principle balance of the original La Esperanza loan (2908) with a remortgage of non-Seed Commons purchase loans for a total of $241,046.66. La Esperanza Real Estate currently has 34 members and is located in the Emma neighborhood of Buncombe County, NC. The cooperative owns two commercial properties, one of which is a commercial building that generates rental income and the second is a recreational community space, as well as have a commercial appraisal done.

Asheville, United States
October 31, 2022
US $245,546.66

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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