An Open Letter to Our Partners
President & CEO
This year witnessed an important milestone for LiftFund: We reached the $250 million mark in small business loans to 19,000 deserving and hard-working entrepreneurs. We’re proud of this feat made possible with the generous backing of 591 donors, 112 investors, and over 700 partners. On behalf of our team and our clients, we thank you.
Since we launched in 1994, our mission has been to provide credit and support and innovation – all so that families, neighborhoods, and cities might thrive. LiftFund transforms lives by opening doors, leveling the financial playing field, and building a community of shared success.
In 2017, we provided capital to 1,177 diverse business owners and we supported thousands more with expert consultations. This model – providing capital and technical know-how – builds trust so that our clients understand they are not alone.
Numbers alone tell only part of the story. The full story brings us to Aleia, who created 3G Chemical Solutions, a chemical cleaning company, when her boss would not let her apply growth strategies to her work. (The company is named for her sons, Gavin, Giyah, and Gerrisyn.) The full story brings us to Jose Antonio and Edinson, a father-son duo who saw an opportunity to make Mexican candy in Dallas. And so Azteca Mexican Candy was born. The full story brings us to Sophie, who was inspired by her deaf cousin to found Bayou City Interpreting. The full story brings us to Lisha, a pharmacist who came up with The Mastectomy Boutique to serve breast cancer patients so that they can heal and thrive in style.
Stories like these provide a glimpse of how your support fuels dreams, confidence, and opportunity. For every $1 that we provide to small businesses, the economy grows by $14 where it’s needed most: in the heart of our communities.
We’re excited to create jobs and build wealth. Most of all, we look forward to propelling our clients’ dreams with you by our side.
LiftFund President & CEO
A Reflection of Our 2017 Key Accomplishments
A Lending Milestone – We reached our most significant lending milestone yet – $250 million in lending to more than 19,000 entrepreneurs across our 13-state footprint.
Texas Small Business Rebuild Initiative – In the wake of Hurricane Harvey, we rallied as a community and created a relief loan product to support small business owners in the communities affected with loans up to $25,000 at 0% interest rate. Our generous funders for this $8+ million initiative include Goldman Sachs 10,000 Small Businesses, The Rebuild Texas Fund, a project of The Michael & Susan Dell Foundation and the Office of the Texas Governor’s OneStar Foundation, JPMorgan Chase, Groupon and many other corporate and individual supporters.
Increased support for Veterans, Female Veterans and Spouses – At LiftFund, we are proud to support U.S. Military Veterans and have been doing so since we opened our doors in 1994. In 2017, we increased our support by providing a flat 5% interest rate for all veteran loans, and with the support of the U.S. Small Business Administration we launched the Women Veteran Entrepreneurship Training Program, a digital accelerator for Texas women veterans and spouses to help them take their business to the next level.