Funding Opportunities – Fortis Capital

Empowering Business Growth With Innovative Financing Solutions

Our programs provide businesses with the financial support they need to thrive, even when traditional lending options fall short. From risk-sharing to forgivable loans, we are committed to helping BIPOC business owners achieve sustainable growth and long-term success.

PARTICIPATION LOAN PROGRAM

This program helps lending partners, banks, CDCs and CDFIs, make loans to companies that otherwise would not qualify.

Fortis Capital buys a participation interest in loans that are underwritten, made and serviced by lending partners. Fortis Capital purchases up to 75% of the loan, thus taking the risk away from the partner lender.

LINE OF CREDIT GUARANTEE PROGRAM

This program helps bank lending partners make revolving lines of credit loans to companies that otherwise would not qualify.

Fortis Capital deposits funds in the lending bank partner, in an account in Fortis Capital’s name. The bank has a security interest in the account, thus fully guaranteeing a negotiated percentage of the line of credit, usually up to 50%. The borrower only pays interest when the line of credit is in use.

2% FORGIVABLE LOAN PROGRAM

This program offers affordable 10-year loans at a 2% interest rate for general business use, including operating capital. Businesses can apply online, with direct approval and disbursement to their business accounts. Monthly interest-only payments begin after closing, and 10% of the loan balance is forgiven annually, reducing both the principal and future payments. Any remaining balance is fully forgiven after 10 years, unless repaid earlier.

Commercial Property Development Fund (CPDF) Loan Program

This program makes ownership of commercial property possible for disadvantaged buyers. The term of the loan is 20 years. The interest rate is 0%. There are no payments due. Each year, starting with year 11, on the first business day of the year, 10% of the loan balance is forgiven. After 20 years, all of the principal is forgiven.

Other provisions apply. If property is sold to any party other than an approved heir of the original borrower, some portion of the principal will become due.

Our Clientele

We are excited to expand our partnership with Fortis Capital and help fund the critical work that they do in supporting economic development and growing communities. We are excited to see Fortis build on the incredible work they have already done.”