Fortis Capital is a Minnesota non-profit corporation formed in August of 2019. Fortis is engaged in economic development finance in the Greater Twin Cities area, with an emphasis on providing access to debt capital for businesses owned by persons of color and in challenged communities. The Company received its 501(c)(3) status in February 2020. Located in Minneapolis, the Company has secured loan funding in the total amount of $3.5 million from Living Cities, the City of Minneapolis, Allina Health, the Mortenson Family Foundation, and the Phillips Family Foundation.
Through the Fortis Capital Participation Loan Program, Fortis can reach borrowers that would not qualify for loans otherwise. Fortis does this by purchasing up to a 75% participation in partner-approved loans. This risk mitigation strategy allows Fortis Capital’s lending partners to provide affordable debt capital that would otherwise be unavailable to these businesses.
Our partners/supporters include:
With your support, we can help many more businesses access the capital they need to grow and prosper. A donation to Fortis Capital is an investment in the economic vitality of the Greater Minneapolis - Saint Paul region.
Organization name
Fortis Capital
other names
Fortis Capital MN, Minneapolis Fund for Economic Inclusion
Tax id (EIN)
84-2716465
Categories
Community, Economic Development
BIPOC Serving
BIPOC Serving
BIPOC Led
BIPOC Led
Address
333 Washington Ave N