2020 Annual Report

2020 Annual Report

Resiliency is in our DNA

In 2020, we experienced a global pandemic and racial tensions that shook our way of life and how we conduct business. Our team immediately faced the challenge and served as small business frontliners, because we knew that our work was needed more than ever.

Lifting black, indigenous and people of color (BIPOC) and women to reach financial security and prosperity through entrepreneurship has been in LiftFund’s DNA for over 27 years. We believe that building assets and wealth creates a brighter future and equips a person to break the cycle of poverty.

During 2020, we equipped 4,500 small businesses with $98.2 million in relief funding, including small business loans, forgivable loans, grants, loan payment relief and the SBA’s Paycheck Protection Program (PPP). We also provided business support to more than 6,500 clients.

We invite you to learn more about our impact and join our movement.

Report Highlights

Our 2020 Impact at a Glance

$ 0 M
Funding
$ 0 M
SBA 504 Loans
0
Consultation Hours
0
Workshop Hosted

COVID-19 Funding

$ 0 M
Total Loaned Amount
0
Loans Provided
$ 0
$ Average Loan Size
0
Jobs Created
0
Jobs Retained

Grants

$ 0
$ Funding Provided
0
Number of Grants

SBA 504 Loans

$ 0
Total Amount
0
Number Of Loans
0
Jobs Created

Client Demographics

LMI Individuals*
0%

*CDFI Target Market

Veterans + Veteran Spouses
0%

Business Guidance & Support

Business Support Hours Provided
Individuals Counseled
Events Hosted
Workshop Participants

Top 5 Consultation Subjects

Credit Review

How to Access Capital

Financial Education,
Planning, Management

Startup Assistance

Sales

Top 5 Industries

Client Business Stage

0 to 5 years
0%
6 to 10 years
0%
10+ years
0%

Financial Documents

We are proud of our LiftFund community for facing the many challenges of 2020 and proving rapid innovative solutions to help small business owners navigate through the pandemic. Thank you to our team members for their commitment and hard work, and to our supporters for believing in us and our clients.