Caraballo Accounting

Caraballo Accounting provides accounting and HR services and training to Latinx small business owners in Eastern MA. Through cultural competence and Spanish-language instruction, they are addressing barriers for local entrepreneurs looking to launch, grow or expand their businesses. They have partnered with various Latinx organizations to address the need for advisory support and small-business coaching and serve the communities of Lowell, Lawrence, and Worcester. In 2021, BII made a loan for expanding the team and building out an online training platform. Learn more

Roundhead Brewing

Roundhead Brewing is the first Latinx-owned craft brewery in Massachusetts. The solar-powered brewery will open in 2021 in Hyde Park. The brewery aims to be a community space that will sell a variety of craft beers and fresh pizza in the taproom and beer in cans to-go. In 2021, BII invested in a term loan as part of a larger equipment financing facility in partnership with RSF Social Finance to purchase electric brewing equipment. Learn more

Waku

Waku produces and sells horchata lojana, an ancient Andean herbal beverage that promotes a healthy gut. A Latinx-owned business, Waku sources its herbal ingredients from small-scale indigenous farmers in Ecuador at fair prices and has pursued organic certification for many of its ingredients. After producing and bottling its products in Ecuador, Waku distributes them in New England stores and through its website direct to customers. In 2021, BII provided a line of credit to support the company’s continued growth in the years to come. Learn more

E for All

Entrepreneurship for All (EforAll) is a nonprofit organization that supports small businesses and nonprofits through inclusive English/Spanish programming across Massachusetts and in Colorado. EforAll’s one-year accelerator combines immersive business training, mentorship and access to an extended professional network. EforAll’s pitch competitions are fast-paced, fun community events that help early-stage entrepreneurs gain valuable exposure and feedback on a business idea. BII provides an annual grant to EforAll to support programming. Learn more

Chelsea Business Foundation

The Chelsea Business Foundation invests in the development of the business community in Chelsea, MA and fosters increased access to resources for Chelsea’s Latino business community and other small businesses. Its goal is to create an engaged community by hosting events and providing resources, technical assistance, and financial support. CBF is an enabler for small business owners to grow and scale their businesses. In 2020, BII provided a loan and a line of credit to Chelsea Business Foundation. Learn more

El Planeta

El Planeta is an integrated Latinx news company producing content and events relevant to the Latinx community in Massachusetts. Its reach spans to more than 200K people on a weekly basis through print, television, and digital. During the pandemic the readership has increased to 500K. With more than 10 countries represented in the staff, El Planeta is an essential link between organizations, companies, and government to the Latinx community and highlights stories of under- represented Latinx communities. In 2020, BII provided a line of credit to El Planeta. Learn more

MentorWorks

MentorWorks is a platform that helps to originate and facilitate Income Share Agreements (ISAs) in partnership with different universities and technical colleges. It is the first platform to provide income-share based education financing with career mentorship. In 2020, BII committed invested in MentorWorks through a special funding vehicle (SPV), enabling the company to fund the higher education of students, primarily of color, who are attending community colleges or enrolled in technical training programs in Boston. Learn more

Valley Home Insulation

Valley Home Insulation offers residential insulation and weatherization services in Lawrence and the surrounding Merrimack Valley. Following the 2018 gas explosions, Columbia Gas offered 100% reimbursement for insulation and weatherization services on all homes it serves in the Merrimack Valley through the end of 2020. VHI leverages cultural competency and community presence to provide these services to low- and moderate-income residents of this region. In 2020, BII made a loan to VHI to fuel their growth.  Learn more

Capital Good Fund

Capital Good Fund is a Community Development Financial Institution that offers small loans and personal financial coaching to low-to-moderate income families. Their loans help people with less-than-perfect credit with a variety of expenses like medical bills, car purchases, immigration fees, and even unexpected emergencies, all at rates much lower than offered by payday lenders. In 2020, BII made a loan to CGF to bring immigration loans to Massachusetts and to increase the number of energy-efficiency loans for homeowners.  Learn more

BECMA

The Black Economic Council of Massachusetts is a nonprofit organization that aims to advance the economic well-being of Black businesses, organizations that serve the Black community and Black residents of the state. BECMA organizes the Mass Black Expo, an annual event for Black businesses and supporters. In 2020, they played a key role in organizing the Black Mass Coalition, which set targets for private sector, philanthropy and state and local government, to work toward truly valuing Black lives. In 2019 and 2020, BII made grants to BECMA. Learn more