Capital for entrepreneurs advancing health equity
Loans for small businesses & nonprofits in CA, FL, GA, IN, MO, NV, TX
CAPITAL FOR YOU TO ADVANCE HEALTH EQUITY
Do you own a small business or lead a nonprofit addressing physical, social, or behavioral health?
Thanks to a partnership with Elevance Health Foundation, we are providing inclusive and affordable financing to small businesses and nonprofits that support health equity and work to advance physical, social, and behavioral health outcomes in under-resourced communities.
Who should apply?
We invite you to apply if your company or organization:
- Is based or operates in California, Florida, Georgia, Indiana, Missouri, Nevada, or Texas
- Provides products or services for individuals with physical disabilities and conditions such as diabetes, heart disease, cancer, maternal/child health issues, and/or physical issues related to aging
- Provides products or services for individuals with behavioral or mental disabilities and conditions including but not limited to behavioral care, substance abuse, depression, anxiety and social isolation, and/or mental or behavioral issues related to aging
- Provides products or services that address societal factors impacting health outcomes including but not limited to access to fresh/healthy food, access to translation services, racial justice training, racial advocacy or immigrant advocacy, programs that remove cultural barriers or language limitations, and increase an individual’s ability to obtain, process and understand basic health information and services needed to make suitable health decisions
We also look at companies and organizations that serve customers/patients from historically marginalized/socially vulnerable communities (including but not limited to people of color, women, or low-to-moderate-income individuals), or feature a majority workforce comprising individuals from a historically marginalized community.
What you can expect
Loans for:
- Health-related small businesses and nonprofits owned or led by a minimum 50% BIPOC, women, or low-to-moderate-income entrepreneurs in:
- California
- Florida
- Georgia
- Indiana
- Missouri
- Nevada
- Texas
Size and terms tailored to support small businesses & nonprofits
- $100,000–$500,000
- Loans from 1 to 5 years
- Fixed interest rate of Prime minus 1% (7.5% as of this writing)
- $250 application fee, plus up to 3% closing costs
Customized structures available
- Option for revenue-based financing for flexible payment schedules
- Option for Islamic financing
- No credit score required
- No personal guarantees
- No prepayment penalty
*Effective July 31, 2024 and is subject to change
About funding partner Elevance Health Foundation
Elevance Health Foundation is the philanthropic arm of Elevance Health Inc. The Foundation works to advance health equity by focusing on improving the health of the socially vulnerable through partnerships and programs in their communities with an emphasis on maternal and child health, substance use disorder, and food as medicine. Additionally, the Foundation responds to disasters when their communities need them most. Learn more at elevancehealth.foundation.
Take the first step in getting a loan
