Arctaris Baltimore includes local partnership from the Abell Foundation and the Neighborhood Impact Investment Fund and will provide loans to businesses to finance growth.
Boston-based ArctarisImpact Investors is partnering with the Baltimore’s Abell Foundation and the City of Baltimore-created Neighborhood Impact Investment Fund to launch the program. Under a model it calls “growth debt,” it’s providing loans of $1 million to 5 million to small and medium-sized businesses. For businesses that are generating steady revenue, it’s the kind of growth capital that often helps to keep things running and growing.