IMPACT
Supporting Community Development
Solomon Hess Capital Management provides much needed liquidity in the community development and small business sectors. Since 2004, the Solomon Hess SBA Loan Fund has invested over $2 billion in small business loans. These loans, made to over 4,400 small businesses located in 47 states, have helped to create and/or retain over 65,000 jobs.
65,893
Total jobs created/retained since inception as of June 30, 2021
4,477
Total small business loans invested in since inception as of June 30, 2021
$2.4 billion
Total $ amount invested since inception as of June 30, 2021
20,443
Total jobs created/retained in current portfolio as of June 30, 2021
1,272
Total small business loans invested in current portfolio as of June 30, 2021
1,021
Loans located in LMI and/or distressed communities in current portfolio as of June 30, 2021
245
Loans to businesses that are minority owned/co-owned in current portfolio as of June 30, 2021
282
Loans to businesses that are woman owned/co-owned in current portfolio as of June 30, 2021
102
Loans originated by mission-driven lenders or CDFIs in current portfolio as of June 30, 2021
26
Loans to businesses that are Veteran-owned/co-owned in current portfolio as of June 30, 2021
* 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 we have invested are located in low- and moderate-income communities. All of 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, Solomon Hess and our investors are making a positive difference in neighborhoods nationwide.
At Solomon Hess we continually strive to acheive excellence in providing investors with targeted impactful community development loans and investments. We are pleased to share that in 2018 the SBA Loan Fund became one of the first investment funds to undergo an Impact Management Assessment Certification by Aeris. 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.
