Entrepreneurs Of Color Fund

Entrepreneurs Of Color Fund Contact information, map and directions, contact form, opening hours, services, ratings, photos, videos and announcements from Entrepreneurs Of Color Fund, Loan service, 10 S. Riverside Plaza - Suite 1700, Chicago, IL.

Many ask who we serve at the Entrepreneurs of Color Fund. We help micro, small and medium sized businesses. The fund gen...
01/01/2022

Many ask who we serve at the Entrepreneurs of Color Fund. We help micro, small and medium sized businesses. The fund generates small business microloans for up to $50,000 or small business loans ranging between $50,000 to $500,000. EOCF loans can be used to hire staff, buy equipment or vehicles, pay for renovations, or stock up on inventory. CDFIs, in turn, work directly with entrepreneurs to draw up flexible, accommodating terms.

12/31/2021

What are your 2022 business funding goals?

Here is a breakdown of how IMPACT is made with the fund. We aim to serve businesses and community together! Here is how ...
12/30/2021

Here is a breakdown of how IMPACT is made with the fund. We aim to serve businesses and community together! Here is how we are able to do that. CDFIs can turn to the EOCF for key support in their grassroots work of lending to small businesses in the communities they serve. The fund lets them tap into LISC’s experience, and financial strength. The organization’s nationwide footprint and its unique position as a liaison with the financial industry can make a big difference for CDFIs.

CDFIs can turn to the EOCF for key support in their grassroots work of lending to small businesses in the communities th...
12/29/2021

CDFIs can turn to the EOCF for key support in their grassroots work of lending to small businesses in the communities they serve. The fund lets them tap into LISC’s experience, and financial strength. The organization’s nationwide footprint and its unique position as a liaison with the financial industry can make a big difference for CDFIs.

Partner with Us Today at www.LISC.org/EOCF

Primary Objectives1. Help small businesses in low- to moderate-income areas.2. Provide minority entrepreneurs creative a...
12/28/2021

Primary Objectives
1. Help small businesses in low- to moderate-income areas.

2. Provide minority entrepreneurs creative and flexible ways to meet their capital needs.

3. Support micro- and small-business CDFIs during and after the pandemic.

Partner with us at www.Lisc.org/EOCF

The EOCF partnership combines key support from LISC, financial and philanthropic backers, and CDFIs to provide business ...
12/27/2021

The EOCF partnership combines key support from LISC, financial and philanthropic backers, and CDFIs to provide business owners who might not qualify for traditional financial capital or who need other critical resources such as technical assistance. Our goal is to ensure that entrepreneurs not only weather the pandemic and current economic crisis, but also advance to a prosperous future.

Our Strategic Plan, Our GoalsThe Entrepreneurs of Color Fund (EOCF) promotes the success of diverse small business owner...
12/27/2021

Our Strategic Plan, Our Goals
The Entrepreneurs of Color Fund (EOCF) promotes the success of diverse small business owners from the African American, Latinx, and other communities with the help of local CDFIs.

What does EOCF do?The EOCF helps entrepreneurs of color start businesses, keep them running, or–in recent months–to surv...
12/27/2021

What does EOCF do?
The EOCF helps entrepreneurs of color start businesses, keep them running, or–in recent months–to survive a crisis. Too often, African American and Latinx business run into obstacles raising money and struggle to secure loans or to come up with sufficient working capital to fund their ideas. The EOCF brings banks, CDFIs, and philanthropic investors together. We pool their combined talents and resources to channel needed funding to hard-working entrepreneurs who are pushing for a chance to succeed.

What is the EOCF?The Entrepreneurs of Color Fund (EOCF) is a program managed by the Local Initiatives Support Corporatio...
12/27/2021

What is the EOCF?
The Entrepreneurs of Color Fund (EOCF) is a program managed by the Local Initiatives Support Corporation–better known as LISC. EOCF is designed to not only get much-needed capital directly into the hands of African American, Latinx, and other small business owners, but also provide critical support such as coaching, operational guidance, and training.

The EOCF helps entrepreneurs of color start businesses, keep them running, or–in recent months–to survive a crisis. Too ...
12/27/2021

The EOCF helps entrepreneurs of color start businesses, keep them running, or–in recent months–to survive a crisis. Too often, African American and Latinx business run into obstacles raising money and struggle to secure loans or to come up with sufficient working capital to fund their ideas. The EOCF brings banks, CDFIs, and philanthropic investors together. We pool their combined talents and resources to channel needed funding to hard-working entrepreneurs who are pushing for a chance to succeed.

The NeedThe EOCF understands how African American, Latinx, Asian, and other entrepreneurs of color play a central role i...
12/27/2021

The Need
The EOCF understands how African American, Latinx, Asian, and other entrepreneurs of color play a central role in building a more equitable economy for the future. Still, African American and Latinx entrepreneurs face considerable constraints on their way to establishing vibrant, growing business. Their potential has been hampered by the pandemic and its accompanying economic slowdown. The EOCF is here to provide immediate and long-lasting solutions.

At www.Lisc.org/EOCF we break down the importance of opportunity, support and funding. African American and Latinx entre...
12/27/2021

At www.Lisc.org/EOCF we break down the importance of opportunity, support and funding. African American and Latinx entrepreneurs are disproportionately vulnerable to the toll COVID-19 has exacted on small businesses.
Over 40% and 30% of African American and Latinx small business owners report being adversely affected by the pandemic. While the number of U.S. businesses dropped 22% between February and April 2020 – the percentage decline of African American- and Latinx-owned enterprises was significantly greater: 41% and 32%, respectively (Source: University of California, Santa Cruz, 2020).

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10 S. Riverside Plaza - Suite 1700
Chicago, IL
60606

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