Lift Fund

LiftFund is a nonprofit microfinance organization that provides loans and support to small business owners, particularly those who face challenges accessing traditional financing. Established in 1994 and headquartered in San Antonio, Texas, LiftFund focuses on empowering entrepreneurs in underserved communities, including minorities, women, veterans, and immigrants.

Key Features of LiftFund:

1. Small Business Loans:

Offers microloans ranging from as little as $500 up to $500,000, depending on the needs of the business.

Loans can be used for various purposes, including starting or expanding a business, purchasing equipment, or managing working capital.

Serves businesses that may not qualify for loans from traditional banks due to lack of collateral, limited credit history, or other barriers.

2. Focus on Underserved Communities:

LiftFund is committed to supporting entrepreneurs from minority groups, women, and low-income communities.

Aims to close the gap in economic disparities by enabling business ownership and growth.

3. Credit Building:

Helps entrepreneurs build or improve their credit profiles, enabling them to access more financial opportunities in the future.

Provides tailored financial solutions to borrowers with poor or no credit history.

4. Business Support Services:

Offers financial coaching, business mentorship, and training programs to help entrepreneurs succeed.

Provides workshops, webinars, and one-on-one consultations on topics like marketing, accounting, and business planning.

5. Wide Geographic Reach:

Serves clients across multiple states in the U.S., with a strong presence in Texas and surrounding regions.

Partners with local communities and organizations to maximize impact.

Mission:

LiftFund’s mission is to empower small business owners with the capital and resources they need to thrive. By providing access to affordable loans and education, the organization seeks to drive economic development, create jobs, and foster financial independence in underserved communities.

Since its inception, LiftFund has supported tens of thousands of entrepreneurs, contributing to economic growth and community resilience. It is recognized for its holistic approach to supporting small business success.