Project Title: Southern Opportunity and Resilience Fund
The SOAR Fund is a partnership of local and national community finance organizations created to address the capital needs of historically disenfranchised communities across the South and Southeast U.S. as they attempt to rebuild after the COVID-19 health and economic crisis. The program targets small businesses and nonprofits with 50 employees and fewer, with a focus on historically under-resourced communities, including organizations in low-income areas and businesses owned by women and people of color. Winrock will provide technical assistance to businesses in seven South and Southeastern states. This assistance will include outreach to prospective loan recipients, assessment of small business needs, personal credit counseling, business plan development, lean startup training, proof-of-concept ad-hoc expenses, marketing, corporate governance, professional development, peer-to-peer learning, and accounting and finance.