Working Solutions Selected for Beneficial State Foundation’s Underwriting for Racial Justice Pilot Program

Working Solutions is pleased to be one of 20 lenders across the country selected for Beneficial State Foundation’s new “Underwriting for Racial Justice Lender Pilot Program.”

This two-year program aims to support racially-equitable underwriting practices in the financial industry, giving participating lenders the tools, templates, and technology they need to implement new underwriting approaches designed to increase access to fair loans for people of color. Lenders will then share their experiences and results to help learn from each other in peer-group spaces. Beneficial State Foundation will evaluate loan performance and impacts on borrowers, communities, lending institutions, and the financial industry. The Foundation will then share what it learned across the industry to spark change nationwide and offer policy or regulatory recommendations to foster more equitable practices.

We look forward to this work with Beneficial State Foundation as we continue to build equitable access to capital for entrepreneurs of color. Learn more about the program here.