Proponents of recoverable grants...help advance racial equity because when the money is returned, it is recycled to further fund other organizations.
Launched in 2021, Revolve Fund provides interest-free capital to increase capital access for Black/African-American, Latinx, Native American, and other people of color-led entities using recoverable grants.
"We're hopefully increasing and improving their balance sheet, so when they do get other capital, they have more assets on their balance sheet versus more debt."
James Wahls, founder of Revolve Fund, aims to help organizations led by people of color access capital through recoverable grants.
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