City of New Orleans – InvestNOLA Loan Relief Fund
LiftFund was founded to level the financial playing field for the underestimated entrepreneur.
We provide a hand up to small business owners, so they have a chance to succeed. We’ve provided millions of dollars in micro and small business loans to diverse, hard-working entrepreneurs with a 96% successful repayment rate. For every $1 we lend, there is a positive economic return of $14. Daily, thousands of small businesses and entrepreneurs are denied capital and tap into high-interest rate debt and predatory lenders that cost more than they can afford. We believe everyone deserves the opportunity to build a company successfully with capital no matter their background, race, ethnicity, sexual identity or geography.
LiftFund is a private, independent non-profit Community Development Financial Intuition (CDFI) and Community Development Corporation (CDC) that supports small business owners with limited access to capital through small business loans and technical support for their dreams of entrepreneurship.
We could not do this work alone, partnering with community leaders, lending institutions, governments, foundations, and small business serving organizations to create a support system and network for our clients.
We provide direct capital to our clients including SBA microloans, SBA Community Advantage, SBA 504 Loans, EDA Loans in our 14-state footprint.
NewCorp Inc. is a 501(c) (3) organization that was formed in 1995. NewCorp, Inc. is a certified Community Development Institution (CDFI whose mission is to be an economic development catalyst by providing technical and financial assistance to small and emerging businesses to improve their basic business capabilities by way of training, counseling, planning and financial products and services.
NewCorp, Inc. is governed by a Board of Directors whose members are community leaders who are active in guiding the mission of the organization and in raising the capital to fund its programs. As a small governing board, each member is intimately involved in the management oversight of the organization. Operations of the organization are managed by the President / Executive Directors. Other staff consists of a Loan Fund Manager, Program Manager, Compliance Manager, Accounting Director, Contracting Services Manager and Administrative Assistant.
NewCorp, Inc.’s staff brings an extensive range of experience in business development, accounting and finance, marketing, training, and fiduciary agent management. The staff continues to lead NewCorp, Inc. by developing systems and an organizational structure to support successful program development and implementation.
NewCorp, Inc.’s target market is located primarily in Orleans and Jefferson parishes and the surrounding parishes of St. Bernard, St. Tammany, St. Charles, St. John, and Plaquemines.
TruFund Financial Services, Inc. is a 501 (c) 3 certified Community Development Financial Institution (CDFI) headquartered in New York City with field offices in Alabama, Louisiana, and Texas. TruFund tailors its financial and technical assistance to the unique needs of each site—from contractor mobilization lending in New York and Louisiana to rural Black Belt initiatives in Alabama.
TruFund’s lending activities are designed to strengthen the capacity of small businesses, community and faith-based organizations, community development corporations, and large-scale development projects. TruFund works closely with private, governmental, and community partners to develop and operate programs that address specific capital gaps within local markets, and seeks to obtain funding commitments from local financial institutions to serve local needs. Our products range along the continuum of credit from multi-million-dollar New Markets Tax Credits projects to small business loans for entrepreneurs.
When businesses commit to us, we commit to them.
TruFund develops lending platforms and business development resources for small businesses and nonprofit organizations that have difficulty accessing capital from traditional sources. Together with our public, private, and community partners, we foster the long-term vitality of small businesses and the communities around them.