Launched in April 2021, the Southern Opportunity and Resiliency (SOAR) Fund provided affordable financing and free business support to services to eligible small businesses and nonprofits across the southern and southeastern United States to help them rebuild from the COVID-19 pandemic.
The SOAR Fund included 12 Community Development Financial Institution (CDFI) participants that made loans across 16 southern states, including Alabama, Arkansas, Delaware, Florida, Georgia, Louisiana, Maryland, Mississippi, North Carolina, Oklahoma, South Carolina, Tennessee, Texas, Virginia, West Virginia and Washington, D.C. During its lifetime, the program provided more than 1,100 loans totaling more than $62 million.
