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.
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.
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