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Share this article Share this article BETHESDA, Md., March 3, 2021 /PRNewswire/ A diverse group of community finance organizations today announced the Southern Opportunity and Resilience (SOAR) Fund, which aims to raise $150 million to provide affordable capital and free business support to small businesses and nonprofits in 15 southern and southeastern states to help them navigate and rebuild from the Covid-19 health and economic crisis. The SOAR Fund was created by community lenders in the South to provide economic recovery loans to small businesses in their communities at a time when they are facing unprecedented health and economic challenges. The loans are designed to reach the smallest of small businesses and those that have been historically underbanked - the type of businesses that this coalition of lenders have been serving for decades. These businesses often struggle to access capital from traditional sources but are critical to providing jobs and supporting economic

New yorkUnited statesDistrict of columbiaNorth carolinaWood forestWest virginiaSouth carolinaGeorge ashtonPatrick davisErin musgravePatricia mccallTahreem kamptonTheresa bedeauJamesh basonCommunity investment loan fundResilience fund