2020 Annual Report
2020 Annual Report
Resiliency is in our DNA
In 2020, we experienced a global pandemic and racial tensions that shook our way of life and how we conduct business. Our team immediately faced the challenge and served as small business frontliners, because we knew that our work was needed more than ever.
Lifting black, indigenous and people of color (BIPOC) and women to reach financial security and prosperity through entrepreneurship has been in LiftFund’s DNA for over 27 years. We believe that building assets and wealth creates a brighter future and equips a person to break the cycle of poverty.
During 2020, we equipped 4,500 small businesses with $98.2 million in relief funding, including small business loans, forgivable loans, grants, loan payment relief and the SBA’s Paycheck Protection Program (PPP). We also provided business support to more than 6,500 clients.
We invite you to learn more about our impact and join our movement.
OUR 2022 IMPACT
Impact at a Glance
SBA 504 Loans
Client Demographics
Business Guidance & Support
- 8346
- 5910
- 289
- 2538
Top 3 Consultation Subjects
File Review
How to Access Capital
Other
(about lender,
business planning,
etc.)
Top 5 Industries
- Service
- Transportation & Warehousing
- Retail
- Construction
- Accommodation & Food Services
Client Business Stage
We are proud of our LiftFund community for facing the many challenges of 2020 and proving rapid innovative solutions to help small business owners navigate through the pandemic. Thank you to our team members for their commitment and hard work, and to our supporters for believing in us and our clients.
