Funding Amount

$1,390,000

Deadline

Rolling / Open

Grant Type

foundation

Overview

Washington State Department of Commerce Lending Agency Grant

Funder: Washington State Department of Commerce

Award Amount: $1,390,000 (awarded to Fourth Plain Forward)

Geographic Scope: Washington State, with focus on Black, Latine, and Tribal communities

Purpose:
Fourth Plain Forward was awarded this grant to establish a new lending agency aimed at empowering Black, Latine, and Tribal communities by expanding their access to capital.

Initiative Goals:

  • Address historical and current lending practice injustices that have disproportionately harmed these communities

  • Promote intergenerational wealth within Black, Latine, and Tribal communities

  • Provide culturally congruent lending services

  • Support socio-economic autonomy and thriving neighborhoods

  • Support equitable policy changes
  • Key Features:

  • Builds on Fourth Plain Forward's extensive experience serving local businesses

  • Incorporates best practices from Community Development Financial Institutions (CDFIs), banks, and credit unions

  • Plans to leverage AI and fintech tools to reduce financing costs for micro-enterprises

  • Will work within regulatory frameworks
  • Contact Information:

  • Fourth Plain Forward

  • Phone: (360) 258-0817

  • Email: info@fourthplainforward.org

  • Address: 5107 E Fourth Plain Blvd, Suite 111, Vancouver, WA 98661
  • Focus Areas & Funding Uses

    Fields of Work

    bipocminority-businessesnative-americanshispanicsmall-businessescommunity-development

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