OFN is pleased to announce another round of Grow with Google Small Business Fund loans and Google.org-funded grants.
Since the launch and expansion of the Grow with Google Small Business Fund and Google.org Grant Program in 2020, OFN is nearing full deployment of program capital to member CDFIs. To date, $140.6 million in loans and Google.org-funded grants have been disbursed to OFN member CDFIs, of the total $180 million committed by Google and Google.org.
We congratulate the following CDFIs:
- Access Plus Capital (formerly Fresno CDFI) is a mission-driven small business loan fund. Our mission is to grow businesses and jobs in underserved communities. Since inception in 2008, the CDFI has helped hundreds of entrepreneurs realize their dreams by providing access to capital and business resources through a network of financial institutions, community development agencies, and businesspersons.
- Allies for Community Business (A4CB) provides the capital, coaching, and collaboration entrepreneurs need to grow great businesses in their communities. A4CB offers term loans and lines of credit between $500 and $100,000 to early, emerging, and established businesses in Illinois and Indiana. In addition, A4CB offers 1:1 coaching, group coaching, kitchen space, licensing, and procurement services.
- Coastal Enterprises, Inc. (CEI) integrates financing, business and industry expertise, and policy solutions to help grow good jobs, environmentally sustainable enterprises, and shared prosperity in Maine and other rural regions. CEI envisions a world in which communities are economically and environmentally healthy, enabling all people, especially those with low incomes, to reach their full potential.
- Opportunity Resource Fund (OppFund) serves the entire state of Michigan by providing affordable and flexible capital to foster social and economic justice. OppFund provides loans for small businesses, homeownership endeavors, and multi-family and mixed-use developments with a strong focus on serving low- and moderate-income areas and a preference for working with minority and female borrowers.