Charlotte based UP Community Fund is helping entrepreneurs of color in Southeastern America gain access to capital. According to Black Enterprise, the fund will provide “small business loans ranging from $250,000 to $1.2 million” to minority owned companies located specifically in the Atlanta, Baltimore, and Charlotte areas. UP Community Fund is currently targeting businesses with revenues of at least $500,000.
The initiative was started by Urban Advisors and Riverside Church acting as key funding partners for the fund. Urban Advisors is a 100% African American owned business focused on eradicating economic inequality while Riverside Church is a New York based social justice funding organization. “Additional funders include Calvert Impact Capital, MetLife, and New Resource Bank.”
For more information, please check out www.upcommunityfund.com