Southern Bancorp Capital Partners

To support Uprose for Sunset Park Solar (SPS), a community-owned 685-kW rooftop solar array to be located on top of the Brooklyn Army Terminal. SPS will provide renewable energy and on-bill savings to 150-200 households and small businesses.

To provide NCF an equity investment to 1863 Venture Fund I to provide flexible, culturally competent, non-extractive capital to New Majority entrepreneurs. Specifically, 1863 Venture Fund I investments focus on funding black and women entrepreneurs.

The purpose of the Loan is to sustainably provide responsible, responsive and innovative financial products and financially-related development services all in furtherance of the Foundation’s and Borrower’s exempt purposes, as described in Sections 501(c)s.