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LiftFund McAllen
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About LiftFund McAllen
LiftFund was founded to level the financial playing field for the underestimated entrepreneur.
We provide a hand-up to small business owners, so they have a chance to succeed. We’ve provided millions of dollars in micro and small business loans to diverse, hard-working entrepreneurs with a 96% successful repayment rate. For every $1 we lend, there is a positive economic return of $14. Daily, thousands of small businesses and entrepreneurs are denied capital and tap into high-interest-rate debt and predatory lenders that cost more than they can afford. We believe everyone deserves the opportunity to build a company successfully with a capital no matter their background, race, ethnicity, sexual identity or geography.
LiftFund is a non-profit Community Development Financial Institution (CDFI) and Community Development Corporation (CDC) that supports small business owners with limited access to capital through small business loans and technical support for their dreams of entrepreneurship.
LiftFund’s goal: Self-sufficiency and success for all who seek it.
LiftFund believes doors should be open for everyone.
We believe in underestimated, diverse, hard working entrepreneurs; all they need is support to prove they can succeed.
Our work transforms lives by:
- Opening doors
- Leveling the financial playing field
- Building a community of shared success through entrepreneurship.
We accomplish this with a team rooted in economic justice, products and services that our adaptable to our clients’ needs and a community of support from individuals, donors and investors like you.
Economic Impact
Since 1994 across our footprint
- Nearly $1 Billion Dollars of Capital Disbursed
- 27,000 Small Business Loans
- 97,000 Jobs Created and Retained
- 70,000 Business Support Hours
Solutions provided by LiftFund McAllen
- Business Advising
- Business Workshops
- Access to Over 500 Community Resource Partners
- Loan Readiness
- Business Lending (Microloans, SBA 504 loans up to $5.5 million, Veteran Loan Discounts)
LiftFund McAllen Business Resource HUB
Our mission is to provide credit and services to small businesses and entrepreneurs who do not have access to loans from commercial sources and to provide leadership and innovation in the microlending industry.