EXCELerate Loan Fund 2.0
Funding Amount
Up to $50,000
Deadline
Rolling (quarterly review)
Grant Type
Foundation
Deadline history & next window
- Cycle
- Rolling — applications accepted year-round
- Tracked since
- April 2026
Source: the cycle recorded on this listing. Confirm dates with the funder.
Can we apply?
Check your organization against each line. Taken from the listing; confirm with the funder's guidelines.
Other requirements
- Established businesses (not startups)
- BIPOC-owned businesses
- Businesses seeking growth capital
- Businesses impacted by COVID and economic shutdown (for restart/recovery)
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
How to Apply
How to Apply
- Start your application online using the provided application portal
- Submit required documentation (specific requirements not detailed in website content)
- Contact Stevenson Joseph for more information or questions
Application URL: Available on financing assistance page (link provided as "Start your application HERE")
What Brooklyn Alliance Capital Inc actually gave
Source: IRS Form 990, 2023 — the most recent filing with itemized grants
- Grants in 2023
- 10
- Total given
- $25K
- Median grant
- $2,500
- By dollars: New York 100%. Top recipient cities: Brooklyn, NY.
- 0% of grants with a stated purpose were for general or operating support.
Example grants
Bonbon Lakay Inc · Brooklyn, NY
Storm damage grant
$2,500
GLK Partners LLC · Brooklyn, NY
Storm damage grant
$2,500
Annual Gowanus Artist Studio Tour Inc · Brooklyn, NY
Storm damage grant
$2,500
Kawill Inc · Brooklyn, NY
Storm damage grant
$2,500
Bogota LLC DBA Bogota Latin Bistro · Brooklyn, NY
Storm damage grant
$2,500
Focus Areas & Funding Uses
Fields of Work
- Minority businesses
- Small businesses
- BIPOC
Categories
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Based on past cycles
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