WELF

The Women's Empowerment Loan Fund

Your gender should not predict your ability to get a loan.

In San Diego and throughout the United States, women do not have the same access to business loans and financing as men do, simply because of their gender. In fact, only 1 in every 23 loaned dollars goes to women. Systemic bias in our financial systems causes credit-worthy women-owned businesses to be overlooked by reputable banks or overcharged by predatory lenders. And women of color are affected most. 

We can change this. 

The Women's Empowerment Loan Fund (WELF) is being created to enable women-owned businesses to grow, create jobs, and improve our local economy. WELF combines financing with expert business coaching to ensure recipients have the resource, tools and network needed to help their business grow. Through WELF, loan recipients demonstrate positive credit, increasing future access to other forms of financing. 

We are nearing our fundraising goal! To take us over the finish line on the philanthropic support required to stand up WELF, we have launched a crowdfunding campaign: 

 

 

Want to join us? Contact Robert Foster, Director of Impact Investing, or continue reading to learn how to get involved. 

     

    Fund Details

    • Target Market: Local, independent women-owned businesses in San Diego County's underserved communities that have been in business for at least a year and have a proven business model. 
    • Loan Product: 6-36 month term loans, investment decisions made within 10 working days. 
    • Competitive Advantage: Expert business coaching and low interest rates, prime rate + a 2 percent guarantee fee. 

    Investment Specifics

    • $850,000 in 2% notes, redeemable after two years. 
    • $25,000 minimum 
    • For accredited investors
    • Note: In the future, we are excited to offer an opportunity for non-accredited investors of $150,000 in 2% notes, redeemable after two years, with a $200 minimum investment. 

    Accredited investors, verify qualifications here

    This is not an offer to sell or a solicitation of any offer to buy any securities. 

     

    Our Partners

    The Women's Empowerment Loan Fund would not be possible without the unwavering, transformative support of our project partners: