Advance III
Private credit for impact-focused small businesses and nonprofits
Since 2016, Mission Driven Finance's Advance strategies have made more than 300 loans to impact-focused small businesses and nonprofits across California and New Mexico. We've refined our underwriting, deepened our community relationships, and proven the thesis: there's a real, fundable market between small business lending and commercial bank credit.
Advance III takes that model national. It's our first nationally-scoped Advance fund, targeting $100M to deploy middle-market private credit to impact-focused small businesses and nonprofits across the United States. The same disciplined approach applies — flexible underwriting, no minimum credit scores, no personal guarantees — at a new scale.
Why invest in Advance III
A market that needs us
Conventional lenders increasingly serve the top and bottom of the small-business market while leaving a growing gap in the middle. Advance closes that gap with patient capital and operator-friendly terms.
Disciplined underwriting
Every loan goes through the same credit process — historical or contracted revenue, DSCR-based coverage, structured amortization, and ongoing portfolio servicing.
Measurable impact
alongside financial return
Each fund tracks three outcomes: inclusive access to capital for businesses historically overlooked, job quality and retention, and community-level economic mobility.
What Advance III funds
Advance loans support working capital, term financing, bridge loans, project finance, and growth capital across sectors that conventional lenders often pass on:
- Food and beverage — restaurants, mills, agriculture, distribution
- Health and human services — clinics, behavioral health, nonprofit services
- Clean energy and climate — EV infrastructure, cleantech, regenerative agriculture
- Affordable housing — nonprofit developers, supportive housing operators
Loan terms
CHECK SIZE
$1M – $10M
Annual Revenue
$3M – $50M
TERM
6 mo - 3 yrs
fund life
10 years
The Advance fund family
Multiple Advance vehicles, one underwriting model.
ACTIVELY LENDING
Advance New Mexico
New Mexico-based small businesses and nonprofits. $100K–$2M checks. Not currently raising investor capital. Active loan inquiries via link below.
ACTIVELY LENDING
Advance California
California-based small businesses and nonprofits. $350K–$10M checks. Not currently raising investor capital. Active loan inquiries via link below.
ACTIVELY RAISING
Advance III
National lower-middle-market private credit. $1–10M checks. Targeting $100M to first close.
IN ARCHIVE
Advance Climate
Climate-focused extension of the Advance model. Closed to new capital.