Capital for Entrepreneurs Advancing Health Equity
Loans for small businesses & nonprofits in CA, FL, GA, IN, MO, TX
FUELING YOUR MISSION TO ADVANCE HEALTH EQUITY
Are you a small business owner or nonprofit leader dedicated to improving physical, social, or behavioral health?
Thanks to a partnership with Elevance Health Foundation, we are providing accessible and affordable financing to small businesses and nonprofits like yours to drive health equity. This funding is designed to empower organizations that are making a difference in under-resourced communities by advancing physical, social, and behavioral health outcomes.
Who should apply?
We invite you to apply if your company or organization:
- Serves communities in key states: California, Florida, Georgia, Indiana, Missouri, or Texas
- Supports individuals with physical disabilities or health challenges. You provide essential products or services to those managing physical disabilities or chronic conditions such as diabetes, heart disease, cancer, maternal/child health issues, or physical issues related to aging.
- Addresses behavioral or mental health needs. You offer direct support for individuals facing behavioral or mental health challenges, including care for substance abuse, depression, anxiety, and social isolation, or age-related mental health concerns.
- Tackles societal factors impacting health outcomes. You provide access to nutritious food, language translation services, racial justice initiatives, immigrant advocacy, or other programs that help individuals understand and navigate health information to make informed decisions.
We are particularly interested in organizations that serve historically marginalized or socially vulnerable communities—including but not limited to people of color, women, and low-to-moderate-income individuals—or that employ a workforce largely comprising individuals from these communities.
What you can expect
Loans for:
- Health-related small businesses and nonprofits owned by, led by, or serving people from communities of color, women, and/or low-to-moderate income individuals in:
- California
- Florida
- Georgia
- Indiana
- Missouri
- Texas
Size and terms tailored to support small businesses & nonprofits
- $100,000–$500,000
- Loans from 6 months to 5 years
- Fixed interest rate of Prime minus 1% (7% as of this writing)
- $250 application fee, plus up to 3% closing costs
Customized structures available
- No credit score required
- No personal guarantees
- No prepayment penalty
- Option for revenue-based financing for flexible payment schedules
- Option for Islamic financing
*Effective September 30, 2024 and is subject to change
About funding partner Elevance Health Foundation
Elevance Health Foundation is the philanthropic arm of Elevance Health Inc. The Foundation works to advance health equity by focusing on improving the health of the socially vulnerable through partnerships and programs in their communities with an emphasis on maternal and child health, substance use disorder, and food as medicine. Additionally, the Foundation responds to disasters when their communities need them most. Learn more at elevancehealth.foundation.
Take the first step in getting a loan
