Greenwood Archer Capital

Greenwood Archer Capital is a nonprofit community development financial institution that is committed to funding equity. The company provides lending capital of up to $200,000 for Black and other underserved entrepreneurs in the metropolitan Chicago area, its adjacent suburbs, and greater Cook County Illinois. Founded in 2012, the company actively works to reverse the impact of institutional racism by addressing the lack of access to financial resources for minority-owned businesses. It operates in the industries of Financial Services, Lending, and Investments and is headquartered in the United States. In its latest funding round on 10th April 2023, Greenwood Archer Capital received a grant investment of $596.57K from the Community Development Financial Institutions Fund. This investment reflects a significant endorsement of the company's mission and potential impact. With the backing of such a prominent investor, Greenwood Archer Capital is well-positioned to continue its important work in addressing the racial wealth gap and empowering underserved entrepreneurs.