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 […]

The result of a partnership between the City of New York, Goldman Sachs, Mastercard Center for Inclusive Growth, local Community Development Financial Institutions CDFIs, and CRF, the New York City Small Business Opportunity Fund (NYC SBS) launched in January 2023. Through the $75 million program, local community lenders provided loans ranging from $2,000 to $250,000 […]