Whether you’re just getting started or are ready to take your established business to a new level, find the right resources for your next step.
Shared Capital Cooperative
Shared Capital Cooperative offers co-op-friendly financing. We have been providing loans to co-ops for almost 40 years and have financed more than 800 cooperative projects. As a co-op ourselves, we understand the unique ownership, governance and capital structures of cooperatives. With capital sourced from cooperatives and their allies, we offer capital that aligns with cooperative values and supports democratic ownership. A loan from Shared Capital can help your co-op achieve its goals, while also strengthening the cooperative economy by keeping capital circulating in the cooperative economy. We are committed to advancing racial equity and social and economic justice. Therefore, we especially seek to support cooperatives that are organized by low-income, economically and socially disadvantaged communities and that build economic opportunity, create living wage jobs, provide access to healthy food, and offer dignified, affordable housing.
Any business or housing organization in the US operating and governed on a cooperative basis is eligible to apply for financing. Borrowers include worker, consumer, producer and housing cooperatives. A co-op must be a member of Shared Capital Cooperative to borrow. Learn more about joining Shared Capital Cooperative.
Loan/Grant Amount: Variable
Community served: Minnesota
Why is this service free?
To make it easier for businesses to find the right resources in one place, Elevate HennepinSM lists free resources funded by trusted partners, including The Minnesota Department of Employment and Economic Development, the City of Minneapolis, and other Hennepin County cities and partners.
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