Supporting Community Development
The Solomon Hess SBA Loan Fund and its investors provide much needed liquidity in the community development and small business sectors. The Solomon Hess SBA Loan Fund has invested over $2.9 billion in small business loans since inception. These loans, made to over 5,000 small businesses located in 47 states, have helped to create and/or retain over 74,000 jobs.
Total jobs created/retained
since inception
Total small business loans
invested in since inception
Total $ amount invested
since inception
Total jobs created/retained
in current portfolio
Total small business loans
invested in current portfolio
Loans to businesses that are minority owned/co-owned in current portfolio
Loans located in LMI and/or distressed communities in current portfolio
Loans to businesses that are woman owned/co-owned in current portfolio
Loans originated by mission-driven lenders or CDFIs in current portfolio
Loans to businesses that are Veteran-owned/co-owned in current portfolio
All statistics are as of June 30, 2023.
Loan Categories are not mutually exclusive, for example a loan can be minority-owned and woman-owned and located in a distressed census tract.
Over 70% of the loans in which the SBA Loan Fund has invested are located in low- and moderate-income communities and all these loans were made to businesses that did not have access to conventional commercial debt. By providing this much needed capital to these under-served small businesses, SBA Loan Fund investors are making a positive difference in neighborhoods nationwide.
At Solomon Hess we continually strive to achieve excellence in providing investors with targeted, impactful community development investments. We are pleased to share that the SBA Loan Fund became one of the first investment funds to undergo an Impact Management Assessment Certification by Aeris in 2018. This certification provides third-party verification that the Fund’s impact practices are aligned with its stated impact mission. A copy of the assessment is available here.
