WE ARE FUNDING EQUITY
Creating Opportunity for Black Entrepreneurs
Good Food Fund
The Good Food Fund will provide support to food entrepreneurs in communities with inequitable access to food. Made possible by @chicagosmayor and @chicagobacp, the fund was designed in collaboration with the Food Equity Council and @greenwoodarchercapital. @allies4cb has been selected to manage the Good Food Fund, through which they will provide grants, low interest loans, and free business coaching to food and beverage entrepreneurs in Chicago.
Innovation
GAC prides itself for being a pioneer in its innovative approach to offering “conventional” credit facilities in a non-traditional way.
Collaboration
GAC uses a hands-on and collaborative approach with our borrowers. We invest the time to understand the nuances and intricacies of each borrower’s situation and needs.
Empowerment
GAC empowers entrepreneurs by providing the tools and resources needed that not only position businesses for sustainable growth, but also lead the way for them to be a driving force for revitalization of their communities.
Meet Our Clients
Pac Leaders, LLC
Greenwood Archer Capital helps me in the way that I need to be helped with my business. They not only have provided me with a micro loan, but they’re also helping me acquire a commercial building for our new head quarters.
Food on the Run
“With funding from GAC, I was able to expand Food on the Run into a brick and mortar business and moved into a commercial storefront in the Auburn Gresham neighborhood on Chicago’s south side.”
Majani Soulful Vegan Cuisine
GAC listened, believed and helped turn the dream of Majani into reality. They have supported us along the way thru all the ups and downs. They are true partners.
Why We Exist
Since inception, we have been committed to living, working, and serving Black and other underserved communities. Many of our programs today were rooted in and grew from the need to address systemic racial issues and policies such as redlining, blocking access to capital, mass incarceration, lack of community development, predatory lending, and other deceptive practices. These practices that were established hundreds of years ago worked as intended, impacting Black families, communities, and businesses and further increasing the racial wealth gap we see played out today.
Greenwood Archer Capital (GAC) pays homage to Black Wall Street. Greenwood & Archer was the main intersection in the Greenwood District and the epicenter of Black Wall Street which generated hundreds of successful Black-owned businesses. GAC seeks to continue the legacy of Black Wall Street by providing access to capital and educational resources that empower our communities to use entrepreneurship as a pathway to freedom.
Our Impact
$18M
Dollars Deployed
82%
Loans to Black Entrepreneurs
1,600
Small Businesses Served
71%
of loans to Low-to-Moderate Income Borrowers
$23k
Average Loan Size
Community Partner
With little paperwork and lots of flexibility, Greenwood Archer Capital (GAC) helps small businesses find the financing and assistance they need.
Financial Partner
GAC offers loans up to $100,000 for established businesses and start-up businesses, as well as loans up to $200,000 for Black-owned businesses seeking to acquire owner-occupied commercial real estate.
Business Partner
Knowing that you may need more than just dollars to succeed, GAC also offers an array of services that help with financial planning, business to business contacts and planning for growth.
Apply for a Loan
GAC’s products and services provide access to all forms of capital for business owners in underserved, economically distressed communities that do not have access to conventional sources of financing.
Make a donation.
Help us level the playing field and create an equitable world where Black-owned small businesses have equal access to all forms of capital.