Food Enterprise Microlending Intermediaries
The California FreshWorks Fund has deployed over $3.3 million in patient loan capital, as well as companion grants and technical assistance resources, to local intermediaries to support microlending to healthy food enterprises. Microlenders are resourced to deploy loan capital in small bursts to assist healthy food businesses throughout the state. In Los Angeles County, thanks to co-investment from First5 LA, the program includes a companion technical assistance fund to increase enterprises’ chances of success. Our goal is to ensure that small-dollar borrowers are in a strong position to take on financing and offer healthy food options in all communities.
The FreshWorks Food Enterprise Microlending Intermediary (or “FEMI”) program is a joint investment of multiple partners including Capital Impact Partners, Kaiser Permanente, The California Endowment, and First 5 LA.
The current awarded microlending intermediaries are:
Feel free to contact any intermediary directly. Each intermediary sets their own guidelines and regulations for financing. But generally, loan amounts range from $500 to $250,000 which can be used for a number of financing needs such as: Renovation, Equipment, Inventory and Working Capital, as well as start-up.
Avivar Capital is the FreshWorks Fund’s food access organization. We work with the Northern California Community Loan Fund (NCCLF), the program administrator, to assist with outreach referrals and managing technical assistance resources. For detailed information about the overall Fund please contact: