Recent Loans

Pilsen Housing Co-op (PIHCO)
Chicago, Illinois
In late 2022, Shared Capital provided a loan for $850,000 to the Pilsen Housing Cooperative, also known as PIHCO, which is a majority Latinx-owned, limited equity housing cooperative in the Pilsen neighborhood of Chicago. The historically Latinx community has faced rapid gentrification and PIHCO was formed by local residents to preserve affordability. In February of 2020, Shared Capital made a small $85,000 loan to the start-up group to support financing for the acquisition and rehab of their first property. In November 2022, Shared Capital provided a $850,000 to support the acquisition and rehab of a second property by the co-op.

Washington Hmong Farmers Cooperative
Snohomish, Washington
In February 2023, Shared Capital made a $150,000 loan to the Washington Hmong Farmers Cooperative, a collective of fourteen Hmong vegetable and flower growers who have been selling their products at Pike Place Market and the region’s farmers markets since 1982. The co-op was created to increase access to new markets and buyers. The group received grants from the USDA and the Washington state department of agriculture to purchase a delivery truck, coolers, dryers and other equipment that will be shared among the cooperative members. The loan was needed to finance the purchases in order to receive reimbursement from the government grants.

Additional recent loans:

Maximum Fun
Los Angeles, California
$1,500,000 (together with another loan fund) to the employees to purchase the business from the selling owner and working capital. An Accelerate Employee Ownership deal with Project Equity

House of Wands
Richmond, Virginia
$10,000 to a worker co-op tattoo shop start-up creating a safer space for BIPOC and LGBTQIA2s++ artists

Chicago Market – A Community Co-op
Chicago, Illinois
$800,000 bridge loan to a start-up food co-op in the Uptown neighborhood of Chicago

Rock Ridge Community Cooperative
Dodgeville, Wisconsin
$175,000 to a housing cooperative formed in 1980 to refinance their current mortgage and capital improvements to the farmhouse, their most recently purchased dwelling

Five Point Holistic Health
Chicago, Illinois
$100,000 to the worker owned community clinic for their new location

Click here to see more of our recent loans.

Meeting Unprecedented Need: Our 2023 Investment Campaign

We are thrilled that we have raised over $3.6 million from more than 75 investors Notes and Preferred Shares through our national Regulation A Direct Public Offering (DPO) that launched in late 2021.  The DPO allows us to raise investments from both nonaccredited and accredited investors in 46 states, and by making it available on the online portal, SVXus.org, we can offer the ease of online investing and accept investments starting at $500 and up.

Even while we celebrate this accomplishment, we are setting an ambitious new goal to raise an additional $3 million this Fall. We are seeing record demand for capital from cooperative expansions, conversions, and start-ups. Shared Capital issued over $7.25 million in financing to cooperative projects in 2022, making it the strongest year in its 45-year history. This year, Shared Capital has already exceeded last year’s levels and we have many more projects seeking financing.

We hope you will join more than 200 individuals, cooperatives, foundations, and other impact investors who have already invested. If you are interested in helping build a new economy, now is the time!

To learn more about the campaign, go here. To look at the investment options, check out our easy online portal here.

Heirs Property Relending Program

Shared Capital Staff, Esther West, Receives Cooperative Education and Training Award

2022 Impact At-A-Glance

• Made $7.4 million in loans and equity investments to 24 co-ops
• Grew fund to over $23 million in assets
• 84% of loans went to co-ops of BIPOC, low-income, women and LGBTQ communities
• 31% of financing to Black Indigenous and People of Color majority-owned co-ops
• Financed five business conversions to worker cooperatives
• Had another clean, unqualified audit
• Gave back $17,402.00 to member-borrowers as a rebate on interest paid through the 2022 member patronage refund