Our mission is to support and grow underserved small businesses so that they become drivers of economic opportunity in their communities.
We provide financing from $10,000 to $5 million to small businesses across the country. Small businesses form the backbone of our neighborhoods, and their success means stronger local economies, more jobs, and a better standard of living for local residents.
We are a mission-oriented lender that strives to make the majority of our loans to minority-, women-, and veteran-owned businesses and businesses in low- and moderate-income neighborhoods. Many of our customers have been turned down for conventional financing and our loans often have more flexible credit requirements than a typical bank lender, including a lower debt service coverage ratio, fewer collateral requirements, and a lower minimum credit score.
LISC Small Business is part of a Chicago-based wholly-owned subsidiary of the Local Initiatives Support Corporation (LISC), the country's largest community development support finance organization. Since 1980, LISC has invested more than $14 billion to help transform distressed neighborhoods into good places to work, do business, and raise children. LISC aims to connect people with the right resources to improve quality of life. Supporting and growing small businesses is critical to these efforts, and builds upon two goals of LISC's Building Sustainable Communities initiative: