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EXCELerate Loan Fund 2.0

BROOKLYN ALLIANCE CAPITAL INC

Foundation Rolling (Quarterly) Grants for Minority-Owned BusinessesSmall Business GrantsGrants for BIPOC
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Funding Amount

Up to $50,000

Deadline

Rolling / Open

Grant Type

foundation

Overview

EXCELerate Loan Fund 2.0

Overview: Loans of up to $50,000 available to established businesses seeking growth capital. Supported by the Social Justice Fund of the Joe & Clara Tsai Foundation.

Loan Details:

  • Maximum loan amount: $50,000

  • Interest rates: 2% to 5%

  • Target: BIPOC-owned businesses in Brooklyn

  • Purpose: Support equitable economic growth in the community

    • Geographic Scope: Brooklyn, NY

    Eligible Applicants:

  • Established businesses (not startups)

  • BIPOC-owned businesses

  • Businesses seeking growth capital

  • Businesses impacted by COVID and economic shutdown (for restart/recovery)

  • Businesses unable to obtain restart capital through other resources

      • Funder Information

      Joe & Clara Tsai Foundation - Social Justice Fund (SJF):
    • Centers work around Economic Mobility and Racial Justice for BIPOC populations in Brooklyn
    • Provided $2.5 million investment to support BIPOC business restart and recovery
    • Partners with Brooklyn Alliance Capital (CDFI) and TruFund Financial

    Contact Information

    Contact: Stevenson Joseph Email: [email protected] Phone: (718) 875-1000 ext. 133 Organization: Brooklyn Alliance Capital, Inc./Brooklyn Chamber of Commerce

    How to Apply

    How to Apply

    1. Start your application online using the provided application portal
    2. Submit required documentation (specific requirements not detailed in website content)
    3. Contact Stevenson Joseph for more information or questions

    Application URL: Available on financing assistance page (link provided as "Start your application HERE")

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    Focus Areas & Funding Uses

    Fields of Work

    minority-businessessmall-businessesbipoc

    Categories

    Browse similar grants by category

    Grants for Minority-Owned BusinessesSmall Business GrantsGrants for BIPOC

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