LiftFund

During the year ended december 31, 2022, Liftfund worked with several cities, counties and municipalities to help distribute federal american rescue plan act (arpa) grants as a subrecipient to small businesses throughout the year in response to the covid-19 pandemic. Liftfund awarded 1,681 grants to various small businesses throughout the communities we serve amounting to over $28 million in business support funding.

Liftfund provides credit and other services to small businesses that do not have access to loans from commercial sources. Under direct lending operations, Liftfund provided 882 micro and small business loans, and under the sba 504 program, 50 new loans were closed in the fiscal year ended 12/31/2022. With more than $57 million in loans outstanding as of december 31, 2022, Liftfund is regarded as one of the largest and best performing microfinance institutions in the united states. Liftfund complemented its capital with 8348 hours of technical assistance provided to 5909 entrepreneurs. Through its loans and services, Liftfund has helped create or retain thousands of jobs in low to moderate income areas, contributing to the economic revitalization of underserved communities.