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Fund Solutions

Calvert Impact Issues Fund to Support Small Businesses

Global investment firm Calvert Impact has launched the Washington Small Business Flex Fund 2, becoming the fourth loan participation programme under the firm’s strategy to make use of the State Small Business Credit Initiative (SSBCI) to support small businesses across the country. The programme, created by Calvert Impact in partnership with the Washington State Department of Commerce and Grow America, aims to connect small businesses and non-profits throughout the state with access to funds at “competitive interest rates”. The launch of the fund follows the launch of three other state-wide SSBCI programs: the Nevada Battle Born Growth Microloan programme, the New York Forward Loan Fund 2, and the New Jersey Capital Access Fund. “Our goal with the SSBCI programme is to give underbanked communities across the country access to capital, and launching this fund in Washington is an impactful next step,” said Joe Meginnes, Director of Strategy at Calvert Impact. “Through this partnership with the Washington State Department of Commerce and community lenders, the fund will help remove barriers to financing for small business owners and non-profits statewide.”

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