Community Capital Fund (CCF) for Startups
Grantee: Arch Grants (fiscal sponsor: Entrepreneur Startup Business Development Corporation)
Grant Details
| Project Lead | Heather Brown |
|---|---|
| Program Area | Wealth Building & Protection |
| Amount | $900,000 |
| Year Awarded | |
| Duration | 3 years |
| Summary | Arch Grants catalyzes economic growth by awarding non-dilutive funding to help early-stage startups grow and scale. The Arch Grants Community Capital Fund (CCF) is a revolving loan fund designed to increase access to capital for underrepresented entrepreneurs who have completed the one-year Arch Grants program. The fund addresses a critical gap in financing that forces some successful entrepreneurs to leave St. Louis in search of funding opportunities. JSMF’s investment will serve two purposes: guaranteeing loans to encourage mainstream financial institutions to lend to underrepresented entrepreneurs and offsetting potential loan losses. |