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 10:05 AM / 10:40 AM PST

Fueling the South’s Small Businesses as Key Drivers of an Equitable Recovery

Businesses in the south have been historically underfunded and underbanked by almost every metric, so it was unsurprising they received a disproportionately low percentage of federal support in the wake of the pandemic. In response, a cross-sector coalition of philanthropic, private and corporate investors have partnered with local small business community lenders to launch the Southern Opportunity And Resilience (SOAR) Fund. With more than $50mm in initial commitments, the fund will provide low-interest loans and free business support to the smallest of small businesses across the south - most with fewer than 10 employees. In this discussion, several partners in the fund’s launch will discuss the role of community lenders and investors in supporting traditionally underinvested communities and their learnings from the launch of this first-of-its-kind fund.

Speakers

Beth Bafford

VP, Syndications & Strategy

Calvert Impact Capital

Paul Quintero

President & CEO

Ascendus

James Bason

President & CEO

TruFund

Sarah Beth Gehl

Research Director

The Southern Economic Advancement Project (SEAP)

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