SELF is bringing working capital and resources to contractors and small businesses in need. Minority-owned and women-owned small business who are recovering from the COVID pandemic are encouraged to apply to receive 4% fixed rate loans and technical assistance from the Southern Opportunity And Resilience (SOAR) Fund.

Loan Amountup to $100,000
Interest Rate4% Fixed
Terms up to 60 mos.

Additional Information

  • Term Details: First 12 Months: Repayment is interest Only; Months 13 - 60: Principal and Interest
  • Qualifying businesses must have been in operation since September, 2019 or meet specific additional criteria.*
  • Qualifying businesses must have 50 employees or less.

Get the working capital you need to power your small business

*When you apply for the SOAR loan, you will be leaving the SELF website. SOAR loans are underwritten and serviced by NDC.

Frequently Asked Questions

The Southern Opportunity And Resilience (SOAR) Fund is a broad collaboration to support small businesses and nonprofits as they recover from the effects of COVID-19. The SOAR Fund was created by community lenders in the Southern and Southeastern United States to provide economic recovery loans and free business assistance to small businesses and nonprofits at a time when they are facing unprecedented health and economic challenges.  The loans are designed to reach the smallest of small businesses and nonprofits – those with 50 or fewer full-time equivalent employees – and historically underserved businesses, including those in low-income and rural communities and businesses owned by women and people of color.  These businesses are critical to providing jobs and resources to communities across the South and Southeast through this recovery.

The Fund is aimed at helping small businesses and nonprofits across the South and Southeast.

To qualify, small businesses must employ 50 or fewer full-time equivalent (FTE) employees, have realized gross revenues of less than $5 million per year, and must have experienced a direct economic disruption as a result of COVID-19.

Nonprofits must employ 50 or fewer full-time (FTE) employees, be a 501(c)(3) or faith-based organization providing direct services, have an annual operating budget of less than $5 million and have suffered a direct economic hardship as a result of COVID-19 in a way that materially impacts their operations.

There will be a particular focus on reaching under-resourced and under-banked communities, including businesses and organizations in low- income areas, rural communities, and businesses owned by women and people of color.

Please note that this website, nor any of its pages constitute an offer or a commitment to lend. All rates and loan terms may be subject to change. All loans are subject to underwriting review and approval by participating community lenders, who are responsible for their own credit decisions. Due to a limited amount of funding availability and the high volume of applications expected, it is anticipated that not all eligible applicants will be able to receive a loan.

As part of your full loan application, you will need to provide the following documentation to the community lender:

  • Most recently filed tax returns, if available and required by the lender;
  • Bank statements and/or internally generated financial statements;
  • Information regarding business owner(s) with more than 20% ownership, including name, address, SSN, EIN or ITIN, phone number, email, percentage ownership, and photo ID;
  • Executed Attestation Form (to be provided by the community lender);
  • Brief description of COVID-19 impacts on your business or organization;
  • Evidence of legal formation of business or nonprofit entity (e.g., articles of incorporation and bylaws);
  • Personal guarantee (for businesses only); and
  • Other documentation required by the community lender at or after the time of the application

A participating community lender will reach out to you to collect the required documentation, conduct any credit checks, and finalize the application review process.

Download a Helpful Checklist of Required Documents



Teaming up with NDC to deliver working capital and support services to small businesses in need

SELF and the National Development Council (NDC) have teamed up to offer contractors and small businesses affordable financing opportunities with low-cost flexible loans at 4%.  We are also able to provide business finance, technology, planning and other fee resources through our partnership with NDC.

NDC has been building stronger communities since 1969 by supporting the expansion of eligible small businesses and non-profits in under-served communities, particularly minority and women-owned businesses.  

SELF’s mission is to help transition communities towards an inclusive and equitable clean energy economy, by providing access to affordable, and equitable capital to homeowners, landlords, developers, contractors and minority and women owned small businesses.

Learn more about the SELF and NDC partnership

Have Questions About This Program?

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