CRA-eligible programs to support underserved communities across the United States
ACTCapital offers financial institutions opportunities to invest in access-to-capital initiatives, including grant, loan buy-down, and loan fund programs, that benefit small businesses and start-ups in underserved and often overlooked markets.
Qualified lenders will be eligible for Community Reinvestment Act (CRA) credit.
Small Manufacturers Are Underserved
- Automation costs for small manufacturers average $75,000-$200,000. For most banks, these loans are too small.
- According to the Fed, small CBO business loans have fallen from 24% to 12% over the last two decades.
- Goldman Sachs found that 77% of small business owners worry about access to capital; 86% stated that will impact their growth.
ACTCapital Is Supporting Manufacturers, Starting in CO
We are applying CRA investments in the form of grants or loans toward the “Keep-It-Made-in-Colorado” fund, which supports small manufacturers in the state. This is the first of many such funds we plan to build across the United States. Learn more
The Community Reinvestment Act (CRA)
Enacted by Congress in 1977, the CRA encourages banks to address access to credit inequities and to help meet the credit needs of the entire community in which they do business, in particular low- and moderate-income communities. CRA ratings that regulators can assign to banks range from Outstanding to Noncompliance.
Coming Soon: Loan Fund Investment Opportunities
ACTCapital is building funds to support small businesses across the United States. Qualified lenders will receive CRA credit for investing in ACT funds. Contact Us
Join Us in Empowering Individuals and Communities
ACTCapital is committed to empowering individuals, startups, and small businesses in underserved and often overlooked communities with needed capital, funding, training, and mentorship. Contact Us