Small businesses and nonprofits are the lifeblood of local economies. But too many are either ignored or preyed upon by the current financial system. Unfortunately, these are often the organizations that are delivering critical services, creating paths to quality jobs, and leading inclusive economic development.
Mission Driven Finance works with partners around the country to design and deploy funds that deliver accessible capital and put their community first.
Our flagship place-based fund, Advance is an evergreen revolving private credit portfolio in our hometown of San Diego. Advance provides debt financing up to $500k to tenacious small businesses, social enterprises, and nonprofits that are committed to advancing local economic opportunity.
The San Diego County COVID-19 Small Business & Nonprofit Loan Program (SBNLP) is designed to provide low-to-no-interest loans to small businesses and nonprofit organizations and aid in the region’s economic recovery from the coronavirus.
In partnership with The San Diego Foundation, we are actively deploying over $5M of 0%-interest loans to local nonprofits.
The Elevate/Elevar Accelerator bridges the racial wealth gap by elevating Black and Latinx founders in North St. Louis, who are too often overlooked and underestimated.
In partnership with WEPOWER, we are building their first $1M revenue-based investment fund to support Black and Latinx entrepreneurs.
In partnership with Execute Now!, we are replicating our Advance portfolio strategy to invest in amazing Black enterprises and entrepreneurs in Baton Rouge, LA, and the surrounding areas.
In partnership with San Diego Habitat for Humanity, we mobilized over $2M of impact investments and grants to build more homes more quickly, providing affordable homeownership to an anticipated thirty-seven families.
In summer 2020, we supported the City of Akron, Community Reinvestment Fund, and local CDFI partners in designing a revolving loan fund for small businesses to bounce back from pandemic-related economic effects.
