The Washington Area Community Investment Fund has launched two programs to help District businesses access capital with a focus on resilience and sustainability.
WACIF announced Tuesday that the Green Growth Fund and the Resilient Growth Fund aim to make it easier for business owners to secure financing that aligns with their goals.
The Green Growth Fund, which launched in the spring, helps entrepreneurs incorporate sustainability into their business models through upgrades to energy-efficient equipment, development of eco-friendly products or new waste reduction methods. The fund offers loans up to $250,000 and includes a “Sustainable Boost Grant” that returns 15% of the loan amount after full repayment.
The Resilient Growth Fund, introduced in August, targets entrepreneurs facing challenges such as predatory lending cycles or weak banking relationships. The fund provides up to $45,000 in financing, including a $5,000 grant, offering business owners a pathway to strengthen operations and navigate economic uncertainty.
“These funds are about building both resilience and opportunity,” said WACIF CEO Shannan Herbert. “By investing in entrepreneurs, we are investing in the long-term health and wealth of our communities.”
WACIF has worked to support underinvested entrepreneurs in the D.C. region since its founding in 1987. The nonprofit provides capital, training and hands-on support to level the playing field for business owners.
Both funds are already showing impact, positioning entrepreneurs in historically underinvested communities for stability, growth and long-term success, according to WACIF.
More information is available at www.wacif.org.