By providing responsible, affordable loans, Bridge Investment empowers small businesses to thrive and helps to foster economic stability in communities that need it most. Our loans help to facilitate small business retention and growth, affordable housing creation and preservation, and job creation and retention in low-and-moderate income areas. As of August 2024, Bridge Investment has closed on 111 loans totaling $12.8 million, with 92.7% to borrowers located in low-income areas, primarily within the greater Quad Cities region. Among these, 54% total loans are to minority-owned businesses and non-profits. Our work has mobilized $187.5 million in project costs, benefiting areas with high unemployment and poverty. Our lending has supported 1,285 jobs, created/preserved 1,301 affordable rental units, and developed 261,605 square feet of commercial space.
Lending Where It Counts
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As a CDFI, we are supporting businesses and creating opportunities where they are needed most. Here’s a breakdown of our lending to date:
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Of the $4.31 million in total CDFI lending for the Illinois Quad Cities, $3.86 million has been deployed in Rock Island, IL, where Bridge Investment is based. |
Highlights
Since its inception in 2014, we've grown as a non-profit with $100,000 in start-up funds to a certified CDFI that has originated over $12 million in loans, meeting the needs of small businesses and affordable housing in underserved communities. Our approach reduces inequality and promotes economic empowerment, driving sustainable development and inclusive growth within the communities we serve.
Loans ClosedTotal SF of Commercial Space Financed |
Jobs Supported93%
93% of Loans are to Borrowers located in Low-Income Areas |
Affordable Housing Units54%
54% of Total Loans are to Minority-Owned Businesses or Non-Profits |