ICA Case Study Series – Policymakers: Creating Economic Growth and Thriving Small Businesses Through Equity Investing
ICA Fund is known as an innovator in the CDFI field because it extends patient, flexible capital on founder-friendly terms to the small businesses in which it invests. This approach is in contrast to most CDFIs, which typically offer small businesses loans rather than convertible notes or equity investment options that have extended, flexible repayment expectations aligned with the businesses growth. It’s also in contrast to venture funding, which typically focuses on high-growth businesses and expects a high rate of return over a short period of time.
