How much funding does Impact Investing Loans provide?

Impact Investing Loans provides $100,000 - $500,000 in funding.

When is the deadline for Impact Investing Loans?

This grant has a rolling deadline or the deadline has not been announced.

Impact Investing Loans

ELEVANCE HEALTH CARES INC

Foundation Rolling (Quarterly) Grants for Nonprofits Small Business Grants Grants for Disabled Grants for Mental Health

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Funding Amount

$100,000 - $500,000

Deadline

Rolling / Open

Grant Type

foundation

Overview

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