Thank you for your interest in the Next Street Opportunity Fund. Please tell us a little about your business so we can respond in the most productive way.
The Next Street Opportunity Fund combines growth financing with the sophisticated expertise that urban business owners need to expand in a tough environment.
Since 2005, Next Street has supported urban business owners with the same level of expertise that Wall Street, Madison Avenue and the elite consultancies provide to Fortune 500 corporations. Now this kind of help can come with up to $2 million in financing.
The Next Street Opportunity Fund is a new offering that integrates access to capital with the firm's unique expertise in strategic planning, organizational development and marketing.
The program is designed for businesses with revenues of $3 million to $60 million in low- and moderate-income areas of New York City and Boston. Our capital partners include Citi Community Capital and Enterprise Community Loan Fund, who are investing $30 million in the launch.
Opportunity Fund credit decisions are based on a company's potential, not just its history, because Next Street is inside the business working with the owner and her team, helping them realize that potential.
Next Street's role is similar to the way a private equity firm works — without the ownership stake. Next Street serves as a strategic advisor to the business owner, but growth financing is in the form of a loan, rather than a majority stake of the company.