Fortis Capital is a Minnesota non-profit corporation formed in August of 2019. Fortis is engaged in economic development finance in and for the City of Minneapolis, 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 preliminary loan funding in the total amount of $2.5 million from Living Cities and from the City of Minneapolis.
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:
- Living Cities
- City of Minneapolis
- Sunrise Banks
- Premier Bank
- Bremer Bank
- Black Women’s Wealth Alliance
- Neighborhood Development Center (NDC)
- Next Stage
- Anne & Jim Long
- Amplio Economic Development Corporation
- Community Reinvestment Fund (CRF)
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.