Demographic Profile

SOAR Fund loans were designed to provide flexible, affordable capital and free business support services to small businesses and nonprofits to help them navigate and rebuild from the Covid-19 economic crisis.

50% of loan recipients are Black/African American. Loans are over penetrating the Black/African American community in the three most represented states, compared to the 2020 US Census: (% Black/African American loan recipients vs US Census)

• Florida: 40% vs 17%

• Georgia: 69% vs 33%

• Texas: 47% vs 12%

More than 2 in 5 have a FICO score higher than 700, suggesting strong credit history.

About the Loan Recipients We Spoke With

*Note: These data points were provided by CRF USA