Evernorth Loan Fund Inc.

Evernorth Loan Fund Inc. is a non-profit, tax-exempt corporate entity based in Burlington, Vermont, registered in SAM.gov since 2009. The organization specializes in providing financial services, loans, investments, and technical assistance to underserved communities, with a particular focus on supporting economic development in areas with limited access to mainstream financial services. As a Community Development Financial Institution (CDFI), Evernorth Loan Fund Inc. works to empower communities by creating innovative financial products and supporting economic self-determination, particularly among Native communities nationwide.

Through federal grant awards from the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund, Evernorth Loan Fund Inc. has received multiple project grants totaling $1,375,000 between 2021 and 2024. These grants include a $950,000 Capital Magnet Fund award in 2021 to support affordable housing preservation and development, a $125,000 technical assistance grant in 2022 to build organizational capacity for CDFIs, and a $300,000 CDFI Program grant in 2024 aimed at expanding affordable financial products and services. The grants cover a range of activities including personnel costs, professional services, travel, training, equipment, and operational expenses. The organization's primary objectives involve creating jobs, building businesses, and fostering economic development in rural and urban low-income communities, with a specific emphasis on serving Native communities, for-profit organizations, private nonprofits, and other private institutions that lack adequate access to financial services.