The Southern Opportunity and Resilience Fund

The Southern Opportunity and Resilience (SOAR) Fund is a partnership of local and national community finance organizations created to address the capital needs of historically underbanked communities across the South and Southeast. Through 13 participating CDFIs, the program provides flexible, affordable capital and free business support to small businesses and nonprofits to help them navigate and rebuild after the COVID-19 health and economic crisis.

Overhead Station, a family-owned gift shop located on Main Street in Rock Hill, South Carolina, has been in business since 1977. The co-owner, Tami Windell, is using her SOAR loan to freshen up the storefront and to purchase new merchandise.

Impact at a Glance

Impact Insurance Agency

Cory Thomas, CEO of the Impact Insurance Agency, will use the funds from his loan from the National Development Council to hire additional staff, purchase additional PPE supplies, and redevelop marketing of the company.

G3

When the pandemic hit, G3, a design and architecture company, lost contracts due to halted construction. Throughout the pandemic, they pivoted to interior remodeling and sustainability consulting work. Their loan from the Ascendus will be used to train new employees to staff upcoming contracts.

"

My favorite thing about being a small business owner is that I can see the change that my business is having on the health care system and on my employees…My proudest moment as an entrepreneur is, honestly, when I received my SOAR loan.

Chandon Gordon,
Managing Director and Founder of GFN Hippy

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How to Participate

For lenders and donors interested in supporting the SOAR Fund:

Reach out to us at info@calvertimpact.org​ with "SOAR Fund" in the subject line. Please note that our small business recovery funds are available to institutional lenders only. The minimum commitment is typically $1 million.

Supporting Lenders and Partners

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Phone: 800-248-0337
Fax: 301-576-8444
info@calvertimpact.org
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Calvert Impact Capital, Inc., a 501(c)(3) nonprofit and a subsidiary of Calvert Impact, Inc., offers the Community Investment Note. Calvert Impact Climate, Inc., a 501(c)(3) nonprofit and a subsidiary of Calvert Impact, Inc., offers the Cut Carbon Note. The Community Investment Note and Cut Carbon Note are subject to certain risks, are not mutual funds, are not FDIC or SIPC insured, and should not be confused with any Calvert Research and Management-sponsored investment product. The Community Investment Notes and the Cut Carbon Notes are debt securities subject to the terms, conditions and risks described in the current prospectus, prospectus supplement(s) and pricing supplements, as applicable, including risk of possible loss of the amount invested. Payment is dependent on the issuer’s financial condition at the time payment is due. Any decision to invest in these securities through this Site should only be made after reading the applicable prospectus, prospectus supplement(s) and pricing supplement or by calling 800-248-0337.

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