As part of the Black Cooperative Investment Fund’s continued efforts to provide capital to Black-owned businesses, the organization hosted “Building SoCal’s Black Wall Street: Direct Access to Zero Interest Capital Resources and Business Movers and Shakers,” on August 21.
The free event included a brief presentation of BCIF’s microloan program, created space for Black business owners and entrepreneurs in Southern California to network, and offered a social experience where guests enjoyed music and refreshments. Visitors could also apply for zero-interest microloans to help fund their growing businesses.
La Create Space, PCR Business Finance, Prosperit y Market L.A., and Sip & Sonder partnered with BCIF to co-host the mixer.
“BCIF continues to do the work to narrow the racial wealth gap that detrimentally impacts the Black community,” said Robert Lewis, BCIF president and board chair.
“Our goal is to help Black businesses maintain or increase their annual gross revenues, multiply the number of jobs they provide, and strengthen their readiness for accessing capital.”
The organization, known for its zero interest and 25% loan forgiveness option, serves Los Angeles, Riverside, San Bernardino and Orange Counties.
For more information on BCIF, visit the website here: http://www.bcifund.org/