$25k investments for Black, low-to-moderate income and other diverse entrepreneurs
There is an Equity Capital Gap for Black, low-to-moderate income, and other diverse entrepreneurs. Individual wealth is closely tied to the ability of business owners to access capital. Funded through The PNC Foundation, the Community Micro Equity Fund is a collaboration between Greenwood Archer Capital and Sunshine Enterprises that aims to fill this gap by providing equity to leverage debt or to offer equity when debt is not a viable option.
The fund is designed to help connect over 200 qualified business owners and entrepreneurs in Chicago’s South and West Sides with friend and family-type capital annually. The program will create an ecosystem of support which will include business education, working capital, credit repair coaching, incubation and access to co-working space, patient mezzanine equity and strategic, ongoing mentoring.
Eligibility Criteria
Candidates must have a startup business or an existing business with gross annual revenue of $20K
Businesses must be for-profit
Candidates must complete Sunshine Enterprise’s 12-week Community Business Academy
Candidates must agree to receive pre and post investment technical assistance and business supportive services from GAC and Sunshine Enterprises.
Candidates must be in good standing with both GAC and Sunshine Enterprises
Attend an Info Session to Register for the 2024 Community Business Academy
Learn more about the Community Micro Equity Fund by contacting Noelle Curtis
