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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

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

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

Bella Vista Mobile Home Park

5 Mt Carmel Mobile Home Park Purchase

Purchase of a 16 lot mobile home park, including 10 mobile homes (9 singlewides and 1 doublewide)

Asheville, United States
November 29, 2023
US $1,430,000.00

Las Casitas Real Estate Cooperative

Las Casitas Property Refinance

This is a refinance of loan #2723 (6 Lacey Lane Purchase Loan) to lower the interest rate to 5%, per Seed Commons real estate guidelines

Asheville, United States
March 1, 2022
US $124,740.67

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
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