Southern Opportunity and Resilience (SOAR) Fund

For small businesses across the south and southeast who were in business prior to September 2019 and experienced economic hardship as a result of COVID-19. Learn more about the program we offer through our partner Connect2Capital and see if your business may be eligible.

The Southern Opportunity And Resilience (SOAR) Fund provides affordable capital and free business support services to small businesses across the South at a subsidized rate of 4% for loans up to $100,000.¹

Business Qualifications

  • Qualifying businesses must be located in Alabama, Arkansas, Delaware, Florida, Georgia, Louisiana, Maryland, Mississippi, North Carolina, Oklahoma, South Carolina, Texas, Virginia, or the District of Columbia.
  • Businesses that employ 50 or fewer full-time employees
  • Businesses that have been in operation since September 2019

Scroll to the bottom of the page for more detailed eligibility criteria.

Apply for the Soar Fund

  1. Complete the questionnaire below. Filling out the form should take less than 10 minutes and will not affect your credit score. 
  2. In a couple of days, you will receive an email with a link to upload your documents and complete the full application
  3. Get approved and receive the funds in two to three weeks. 

Please note that this is the only way that you can apply for our SOAR program at the moment. Questions? Please call (866) 908-5670 or email soar@aofund.org

Eligibility details

Qualifying businesses must be located in Alabama, Arkansas, Delaware, Florida, Georgia, Louisiana, Maryland, Mississippi, North Carolina, Oklahoma, South Carolina, Texas, Virginia, or the District of Columbia.

To be eligible for a SOAR Fund loan, a small business must meet the requirements detailed below. Please note that the application should be completed and submitted by the owner of the business with the largest ownership interest, and that all owners with more than 20% ownership will be required to attest to the information provided.

The following criteria is the minimum required for a business to be considered eligible for a loan under this program:

  • The business must employ 50 or fewer full-time equivalent (FTE) employees;
  • The business must have suffered a direct economic disruption as a result of COVID-19 in a way that has materially impacted operations;
  • The business must have been in operation since at least September 2019, unless the business is a for-profit business and meets one of the following additional criteria:
    • The business can demonstrate three or more years of operating experience in the industry through previous ownership or management; or
    • The business has previously borrowed from the community lender and has had no repayment issues

In our mission to help as many underfunded small businesses as possible, we offer a variety of funding opportunities¹ through our partners. Each of our loan products and programs has different eligibility requirements, pricing, fees, and terms.