Programs

  • Microfinance and Technical Assistance

    LIFTFUND PROVIDES CREDIT AND OTHER SERVICES TO SMALL BUSINESSES THAT DO NOT HAVE ACCESS TO LOANS FROM COMMERCIAL SOURCES. UNDER DIRECT LENDING OPERATIONS, LIFTFUND PROVIDED 804 MICRO AND SMALL BUSINESS LOANS, AND UNDER THE SBA 504 PROGRAM, 37 NEW LOANS WERE CLOSED IN THE FISCAL YEAR ENDED 12/31/2023. WITH MORE THAN $58 MILLION IN LOANS OUTSTANDING AS OF DECEMBER 31, 2023, LIFTFUND IS REGARDED AS ONE OF THE LARGEST AND BEST PERFORMING MICROFINANCE INSTITUTIONS IN THE UNITED STATES. LIFTFUND COMPLEMENTED ITS CAPITAL WITH 7,137 HOURS OF TECHNICAL ASSISTANCE PROVIDED TO 4,969 ENTREPRENEURS. THROUGH ITS LOANS AND SERVICES, LIFTFUND HAS HELPED CREATE OR RETAIN THOUSANDS OF JOBS IN LOW TO MODERATE INCOME AREAS, CONTRIBUTING TO THE ECONOMIC REVITALIZATION OF UNDERSERVED COMMUNITIES.
    Geographies
    Not indicated
    Dates
    Jan 1, 2023 – Dec 31, 2023
    Source
    990
    No causes provided
    No populations provided
    –
    $19.3M

  • Small Business Support Grants

    DURING THE YEAR ENDED DECEMBER 31, 2023, LIFTFUND WORKED WITH SEVERAL CITIES, COUNTIES AND MUNICIPALITIES TO HELP DISTRIBUTE FEDERAL AMERICAN RESCUE PLAN ACT (ARPA) GRANTS AS A SUBRECIPIENT TO SMALL BUSINESSES THROUGHOUT THE YEAR IN RESPONSE TO THE COVID-19 PANDEMIC. LIFTFUND AWARDED 904 GRANTS TO VARIOUS SMALL BUSINESSES THROUGHOUT THE COMMUNITIES WE SERVE AMOUNTING TO OVER $17 MILLION IN BUSINESS SUPPORT FUNDING.
    Geographies
    Not indicated
    Dates
    Jan 1, 2023 – Dec 31, 2023
    Source
    990
    No causes provided
    No populations provided
    –
    $17.3M