BRIC Loan Fund Stats
17 One to Ones
Loans totaling $150,000
Through BRIC Loans
In 2021, the BRIC Fund and Urban Land Conservancy (ULC) partnered to establish and launch the BRIC Loan Fund. The Fund was established in recognition of the historical barriers of systemic racism Black nonprofits and the Black communities they serve face in accessing capital financing. This new Fund offers low-interest loans up to $50,000 to support capital projects or other improvements for Black-led and serving nonprofits across the seven-county Metro Denver region.
HOW DOES THE LOAN
The loan fund works in parallel with our grant program. Applicants can apply and receive grant funds for general operating support and apply for low-interest loans in support of targeted programs. The BRIC Loan application process minimizes barriers, and the loan interest rates and terms are designed to be affordable.
Empowered nonprofit organizations to make critical operational improvements and increase programs and reach
Lessened the restraints and financial implications of traditional loans
Increased financial resources and support opportunities
BRIC LOAN IMPACT
"Having access to capital is always a challenge. We don’t want to be a part of the problem but a part of the solution in ensuring that Black-led organizations have access to not only grants but other capital at a low-interest rate. When a nonprofit is on the cusp, they need to know they have partners who move quickly and that funds aren’t held up. That's what our partnership does."
~ Aaron Miripol, President & CEO, Urban Land Conservancy