CIM Enterprise Loan Fund

E-mail: info@cim-llc.com

Website: http://www.cim-llc.com/index.html

Phone number: +1 (415) 857 3233

If you wish to have your details removed from this database please email gdpr@impactyield.com

Affordable financing for small businesses and historically underserved communities remains largely inaccessible from traditional lenders. Small businesses have historically been a principal engine of jobs, growth, and innovation in the economy, yet business owners cite access to capital as one of their top constraints to growth. The COVID-19 pandemic and its economic fallouts have only accentuated this problem for small businesses and underserved communities. For many individuals, household expenses are growing faster than income, largely driven by rising healthcare and education costs. Even before the current economic crisis, the median wealth of U.S. households had not yet recovered to pre-2008 levels and, according to the Financial Health Network, 71 % of Americans (1 78 million people) are defined as either Financially Coping or Financially Vulnerable. These individuals have limited access to financial products that allow them to build credit.

Over the past decade, alternative lenders with practices ranging from responsible to predatory have emerged to address this lending gap. In today's digital world, innovative lenders are able to access and analyze broad data sets, offering solutions to efficiently acquire, underwrite, and service traditionally underserved borrowers with smaller amounts of capital. We believe this lending environment will continue to propel innovation forward outside of the traditional financial players by a set of tech-sawy entrepreneurs who are designing creative, productive financial products and services that improve the financial health of underserved communities. During the ongoing crisis and the immediate disruption of physical business operations, responsible fintech lenders have shown that they can play an important role as financial first responders in part because of their ability to move quickly and due to the acceleration of digital adoption by end users that has led to improvements in data quality and infrastructure.

CIM's impact focus and investment strategy is to identify those compelling, responsible lending models and provide strategic debt capital to scale and demonstrate such innovation in lending to reach underserved borrowers. We believe this will advance financial inclusion, improve financial health of borrowers and drive widespread adoption of such innovation by the financial mainstream.