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BIPOC Community Managed Loan Fund

A new resource for BIPOC entrepreneurs and business owners.

Applications are expected to reopen Summer 2022.

If you are in need of immediate funding, please contact our loan department at lending@cictucson.org or 520-529-1766 x206 to discuss alternative options.

ABOUT THIS UNIQUE LOAN

We are shifting decision-making to the black, indigenous, people of color (BIPOC) community about where (geographically), to whom (communities of color underserved by financial institutions and systems), and under what circumstances (measures of risk) capital flows.

This loan fund rose out of a desire of Community Investment Corporation’s (CIC) staff wanting to take concrete and tangible action in the wake of 2020 and ongoing national tragedies and calls for racial equity and justice.

In partnership with BLAX Friday and Startup Tucson.

WHAT WE OFFER

PROGRAM ELIGIBILITY

Building a Solution

Inagural Committee

Ashley La Russa

Ashley La Russa

Roux Events
Keneshia Raymond

Keneshia Raymond

Startup Tucson, Tucson Urban League
Camila Martins-Bekat

Camila Martins-Bekat

Tucson Electric Power
Terrell Henry

Terrell Henry

Creative Colabs
Sam Brown

Samuel Brown

Pima County Attorney’s Office
Isabel Georgelos

Isabel Georgelos

YWCA Women’s Business Center
Leah Sesma-Gay

Lesah Sesma Gay

Casino del Sol
Marisol Florez-Aguirre

Marisol Aguirre

REA Consulting

Since January of 2021, the BIPOC CMLF Committee has been meeting biweekly to reimagine lending, discuss barriers to capital access for BIPOC communities, and design a transparent process that meets entrepreneurs/business owners where they are with the goal of helping them take the next big step in their business growth. In partnership with BLAX Friday and Startup Tucson.

Join the waitlist to inquire about the program and future opportunities:

PROGRAM DETAILS

Application Process + Timeline

Applications Open
Offered in paper and digital form focused on storytelling. Text, audio or video submissions welcome.
Applications Close
By NOON applications must be completed and submitted online, via email, or dropped at the CIC offices.
Funding Decisions Announced
All applicants will be informed on or before this date of loan decisions including funding details and feedback.
Required Classes
Two classes: "The Profit and Loss Statement" and "The Balance Sheet" are CIC educational course required for all funding recipients.
Final Meeting
Final meetings with each business receiving a loan to complete the process.
For more information

Once you’ve read through the program details and application process below if you have further questions don’t hesitate to reach out at lending@cictucson.org.

Support the BIPOC loan program!
Make a donation today.

This project is made possible with the generous support of