Greenwood Archer Capital

Greenwood Archer CapitalTM is a mission driven Community Development Financial Institution (CDFI) that works to reverse the impact of institutional racism by providing lending capital up to $200,000 to Black and other underserved entrepreneurs throughout the metropolitan Chicago area, its adjacent suburbs, and greater Cook County Illinois.

About

Greenwood Archer Capital (GAC), formerly Chicago Neighborhood Initiatives Micro Finance Group, is a non for profit 501c(3) organization founded in 2012 to supply micro and small business loans catalyzing small business development throughout the metropolitan Chicago area and its adjacent suburbs. Businesses financed by GAC generally do not have access to conventional sources of financing either due to the size of their request, compromised credit scores, lack of sufficient collateral to support the loan or otherwise do not quite fall within the traditional credit box offered by conventional banking institutions. Many of these businesses are owned by Black and other minorities and fall within low-to-moderate income classifications.  These same businesses are either start-up or existing businesses that play a vital role in our economy through the creation of jobs, delivering much needed goods and services, often to other underserved communities, and contribute to wider community revitalization efforts.

GAC prides itself for being a pioneer in its innovative approach to offering “conventional” credit facilities in a non-traditional way. GAC works to remove barriers to capital through its impactful products and services that provide meaningful capital to populations that have been ignored or intentionally mistreated. GAC’s products and services provide access to all forms of capital for business owners in underserved, economically distressed communities and contribute to the revitalization and stability of Black communities. GAC works to decrease racial wealth gaps and create generational wealth through the deployment of innovative financial products and business development services necessary to create thriving Black businesses in all communities in its geographic footprint.

GAC offers loans up to $100,000 for existing and start-up businesses and up to $200,000 for Black-owned businesses looking to purchase commercial real estate. Our programs provide entrepreneurs with loans and technical assistance necessary to start and/or grow their operations. Our loans support existing businesses with working capital, assist in purchasing new equipment and inventory, and provide start-up capital for new businesses. With little paperwork, no minimum credit score required and lots of flexibility, we help small businesses find the financing and assistance they need.

Since inception, GAC has been committed to living, working, and serving Black and underserved communities. Now, more than ever, we are committed to investing in and rebuilding our communities. This commitment goes well beyond simply funding businesses because the businesses we fund go on to form a crucial backbone for disinvested and underinvested communities. Economic development provides our communities with access to thriving businesses, better schools, safe communities, healthier food options, and higher standards of living. Our communities deserve these opportunities and GAC will continue to work through its small business initiatives until we realize equity in these and all other areas.

 

Services Provided

Business Planning

  • Business Plan Consulting
  • Forming a Business
  • Market Plan Development
  • Market Research
  • Diversification

Buying or Selling a Business

  • Purchasing or Selling an Existing Business

Events and Community Building

  • Neighborhood Fairs and Festivals
  • Pitch Events

Financial Resources and Assistance

  • Budget, Financial Statement and Cash Flow Training
  • Debt Funding
  • Loans
  • Microloans
  • Revenue Based Financing (i.e. factoring)

Import and Export Assistance

  • Financial Assistance for Exporting Activities

Internship Programs and Student Services

  • Internship Program
  • Youth Entrepreneurship Education

Mentoring

  • Formal Mentoring Programs
  • One-on-One Counseling
  • Peer Mentoring

Networking and Associations

  • Small Business/General

Public Policy and Government Relations

  • City Business Issues
  • Small Business Policy

Selling to the Government and Large Corporations

  • Bid Matching and Preparation
  • HUBZone Certification
  • Obtaining Certification

Space

  • Retail Space

Starting a Business

  • Business Research Resources
  • Forming a Business
  • Registration, Licenses and Permits
  • Site Location
  • Startup Business Counseling
  • Startup Classes

Training

  • Bookkeeping/Accounting Software Training
  • Budget, Cash Flow and Financial Statements Training
  • Business Management Training
  • Business Plan Training and Assistance
  • E-Commerce/Internet Marketing
  • Marketing Plan Training
  • Online Courses and Videos
  • Startup Classes
Primary Contact
Natosha Johnson
Address
1000 East 111th Street, 10th Floor
Chicago, IL 60628
Phone
(773) 341-2060