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EOCLF_Entrepreneurs of color loan fund
EOCLF_Entrepreneurs of color loan fund

EOCLF IMPACT

The Entrepreneurs of Color Loan Fund (EOCLF) is a mission-oriented investment fund increasing access to capital for Black, Latinx, and other small business owners by partnering with local Community Development Finance Institutions (CDFIs). The EOCLF's objective is to increase the volume of loans provided to BIPOC-owned businesses through purchasing, in whole or in part, small business loans originated by partner CDFIs.​

 

The EOCLF is a part of LISC's larger Entrepreneurs of Color Fund (EOCF) initiative, launched in 2015. Learn more about the comprehensive EOCF initiative here.

ABOUT EOCLF

Latinx Americans are 
1.7X
more likely to start businesses than any other racial group
- Forbes

Start-up rates are highest among African Americans, with a Total Entrepreneurial Activity rate
 

2X

the rate as White/Caucasian groups

- Babson GEM

Black-owed businesses start with 
3X less
capital than White-owned businesses


*Ewing Marion Kaufman Foundation

SCALING DIVERSE GROWTH ACROSS THE U.S.

SCALING DIVERSE GROWTH ACROSS THE U.S.

If people of color in the U.S. owned businesses at the same rates as white Americans, the country would have 1 MILLION more businesses, 9 MILLION more jobs, and 300 BILLION more in additional income opportunities. 

The Entrepreneurs of Color Loan Fund

invests in this opportunity