Social Impact Loan
A financial tool for businesses who measure and are committed to improving their social and environmental impact.
Established small business owners who focus on the Triple Bottom Line (People, Planet, Profit) and are committed to becoming B Corp Certified are eligible to access ASSETS’ Social Impact Loan.
The Social Impact Loan is meant to incentive and reward for-profit businesses who focus on their social and environmental impact. Through our Social Impact Loan, entrepreneurs will be rewarded with flexible terms, lower interest rates, and one on one consulting through our Measure What Matters program. Entrepreneurs who receive the Social Impact Loan are committed to submitting for B Corp certification within 12 months of funds being disbursed.
How It Works
Who can participate?
Established for-profit businesses who are already, or are committed to becoming, B Corp certified through Measure What Matters at ASSETS.
How much will I get?
Social Impact Loans range from $10,000 to $50,000, depending on the financial capability of the business. Credit requirements may apply.
How long is the commitment?
Social Impact Loan terms may vary and are subject to change on a case by case basis. Currently, terms range from 24 to 48 months.
When will I receive the funds?
Funds will be distributed at loan settlement, after each participant has compiled the required documents and the loan has been approved.
What will be expected of me?
Social Impact Loan borrowers are expected and required to actively participate in the Measure What Matters program at ASSETS. This will include taking the B Impact Assessment, and working with the Measure What Matters Associate to actively improve the score. All borrowers are required to submit for certification within 12 months of funds being disbursed.
How will my B Impact score improve?
Borrowers will actively work with the Measure What Matters Associate to stratigize and seek ways to improve their score as necessary. Through one on one technical assistance, your business’s B Impact Score will improve and be ready for submission to become certified.
What is the outcome?
Outcomes vary depending on the individual participant. With active participation, Social Impact Loan recipients will measure and improve their social and environmental impact with the end goal of becoming B Corp Certified.