Fortis Capital

A nonprofit organization

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$25,000 Goal

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:

  • 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
  • TCM
  • MEDA
  • Community Reinvestment Fund (CRF)
  • Minneapolis Foundation
  • McKnight Foundation
  • Mortenson Family Foundation
  • Phillips Family Foundation
  • Target Foundation
  • Allina Health
  • Baker Tilly Foundation

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 Data

Summary

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
MINNEAPOLIS, MN 55401

Phone

612-389-1800

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