A Census Bureau report shows that by 2044 – or sooner, whites will no longer comprise a racial majority in the United States. By then, the nation — like today's Los Angeles — will be made up of a kaleidoscope of racial groups, including Latinos, Blacks, Asians, Native Americans and multiracial Americans.
The aggregation of these diverse ethnic groups create a “New Majority,” where cultures and race may vary, but they collectively represent historically marginalized - overlooked and underserved – entrepreneurs.
These costs are both direct and indirect. We know that due to the lack of access to venture, as well as limited options for overpriced debt, New Majority entrepreneurs lack access to adequate and aligned capital.
To this end, 1863 Fund has been created to provide access to an alternative financing model – Revenue-based financing - for New Majority entrepreneurs.
Revenue-based financing (RBF) is the leading alternative to equity financing for startups. Revenue-based financing is best used to bridge short-term gaps to support long-term outcomes.
The RBF loans provide flexible repayment options tied to your monthly net revenue to accommodate the ebbs and flows of early stage cash flow businesses.