Impact Investors are Launching a $25M Program to Provide Capital in Baltimore’s Underinvested Neighborhoods

Arctaris Baltimore includes local partnership from the Abell Foundation and the Neighborhood Impact Investment Fund and will provide loans to businesses to finance growth.    

Boston-based ArctarisImpact Investors is partnering with the Baltimore’s Abell Foundation and the City of Baltimore-created Neighborhood Impact Investment Fund to launch the program. Under a model it calls “growth debt,” it’s providing loans of $1 million to 5 million to small and medium-sized businesses. For businesses that are generating steady revenue, it’s the kind of growth capital that often helps to keep things running and growing.

Read full article at the Baltimore