Scale your Business
Are you an entrepreneur looking for capital to scale your business?
The New Impact Fund offers low-cost, flexible capital paired with access to the social capital of our high-net-worth investors, and personalized advising to help your company grow.
Please look at our business investment criteria and the application process for more information on how to get involved with the New Impact Fund.
Business Investment Criteria
Business Owner: Black, Indigenous, Latino/a, and Asian.
Established: For-profit businesses.
Revenue and Cashflow: $250K - $3M annual revenue with active cashflow and demonstrated ability to manage debts.
Business Model: Strong, strategic business model with projections for scalability and/or growing sales/revenue.
Place-based Wealth Creation: Located within an undercapitalized and underestimated Twin Cities metro community. Focused on creating local and sustainable economic growth.
Job Creation: Businesses employ at least five employees and possess the capacity to create additional jobs that provide opportunities for growth, advancement, and increased earning potential.
Commitment to Growth: A financial investment opens doors for business owners, but they understand the power of leveraging social capital to expand their business and skills as an entrepreneur. Business owners are open to collaborating with and being coached by the New Impact Fund’s advisors and Cohort Members.
Due Diligence: Businesses selected for potential investment must participate in and successfully complete our due diligence process. This includes providing financial statements and other relevant documentation.
Avoided Sectors: We do not provide capital to restaurants or businesses primarily engaged in the sale of alcohol or marijuana.
Application Process
Submit Interest Form
New Impact team connects for next steps
Applications reviewed during cohort cycle
Submit Business Application
Successful applicants pitch to Cohort Members