this case, the client company’s survival
hinged on having the money match
the mission because restructuring the
loan required RSF to temporarily put
aside its financial interest. If lenders
don’t have that social mission behind
them they won’t be as likely to take
that risk, Sprague adds.
Finding the right partners, though,
can be like most parts of the organic
system—it will take time, care, and
plenty of due diligence. Nystrom observes that mission-driven financing is
gaining ground in the financial world,
but still only a very small percentage
of venture capital firms—maybe five
percent—are focused on mission, and
even fewer sources of debt financing
That fits Ahmed Rahim’s experi-
ence. The CEO and cofounder of
Numi Tea, one of the largest im-
porters of organic and fair trade pre-
mium teas to the United States, met
with dozens of different investors and institutions to find the right fi-
nancial partners for his business. “In general, mission-driven money
isn’t out there that much,” he says.
Mission-Driven Debt Financing
One source of mission-based debt financing is the New Resource
Bank, located in San Francisco. New Resource Bank provides all the
banking services a business or individual would expect, but specializes
in working with clean technology, green building, community development and sustainable companies, including organic farming and
with you at the bench.
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