Impact Investing Loans

Funder: Elevance Health Foundation in partnership with Mission Driven Finance® and Acces CDFI

Program Type: Accessible and affordable financing (loans, not grants)

Geographic Scope: California, Georgia, Indiana, Missouri, Nevada, New York, Ohio, Texas, and Virginia

Focus Areas:
Supporting organizations that:

• Support individuals with physical disabilities or health challenges: Provide essential products or services to those managing physical disabilities or chronic conditions such as diabetes, heart disease, cancer, maternal/child health issues, or physical issues related to aging
• Address behavioral or mental health needs: Offer direct support for individuals facing behavioral or mental health challenges, including care for substance abuse, depression, anxiety, and social isolation, or age-related mental health concerns
• Tackle societal factors impacting health outcomes: Provide access to nutritious food, language translation services, racial justice initiatives, immigrant advocacy, or other programs that help individuals understand and navigate health information to make informed decisions

Target Populations:
Particularly interested in entities that:

• Serve people of color, women, and low-to-moderate-income individuals
• Employ a workforce largely comprising individuals from these communities

Loan Terms:

• Amount: $100,000–$500,000
• Duration: 1-5 years
• Interest Rate: Prime minus 1%
• Credit requirements: No credit score required; no personal guarantee required
• Prepayment: No prepayment penalty
• Islamic financing: Available

Eligibility:

• Small businesses or nonprofits
• Working to improve health-related social needs in under-resourced communities