Corporate Alliance for Supplier Capital | Local Initiatives Support Corporation

The Corporate Alliance for Supplier Capital is a no-cost unsecured financing program targeting diverse and emerging businesses serving communities of color. The funds enable business owners to cover the costs of meeting the minimum requirements for doing business with large corporations, positioning them to compete for and win more procurement opportunities. This program is open to companies nationwide with a focus on small businesses operating in and/or serving communities of color.

This program is sponsored by JPMorganChase with an initial $15 million commitment that can potentially provide support to approximately 150 small businesses. It includes additional support from 20+ other corporate partners.

“Judge is honored and proud to contribute to this great cause so that diverse businesses may advance their communities and generate opportunities for all.”

— Martin E. Judge, III, CEO, The Judge Group

For Businesses Owners

What we’re offering

Funding to your company ranging from $25,000 to a maximum of $250,000 (and up to $500,000 in certain circumstances and with additional vetting) with flexible repayment terms.

Businesses that receive funds and use them outside of eligible parameters would be required to repay the dollar amount at no interest.
Those that apply the funds to eligible uses, but do not gain new contracts and business growth can request to have the funding forgiven.
Those that receive funds and achieve a measure of success would repay this funding into the original pool for funds to be awarded to the next wave of eligible businesses.

Eligible uses: Small businesses may use these funds to meet the business requirements of prospective or existing corporate clients. These uses include actions to address management systems, insurance, and compliance with supplier guidelines, such as:

Technology cyber/network remediation
Operational control enhancements (i.e., disaster recovery/business continuity)
Increases to insurance & bonding coverage (cyber, surety/performance, etc.)
Third party sales, marketing, or other professional service expenses
Other infrastructure or third party expenses related to securing new procurement contracts or performing against those contracts
MBE/MWBE or similar certifications
Growth and expansion plans

Ineligible uses: These funds may not be used for fixed assets, payroll, or debt consolidation.

“As a proud partner in advancing supplier diversity excellence, we're honored to contribute to such a meaningful program.”

— Jamesetta Strickland, SVP & Head of Global Business Services, Iron Mountain

Who is eligible for this initiative?

Priority will be given to businesses:

With annual revenues of at least $1 million, projected to reach $5 million within the program term
Located in or serving economically disadvantaged individuals or locations
That have been in business for 3 years or more
With barriers to pending procurement opportunities or specific business need such as cybersecurity, insurance, bonding, infrastructure costs or other third-party expenses related to securing new contracts, and successfully fulfilling them

Are you a business interested in this funding opportunity?

For Donors

Join these efforts

The Corporate Alliance for Supplier Capital is seeking donations from corporations interested in supporting diverse and emerging businesses to grow. As a unique incentive to join, JPMorganChase will match donations made by other corporations*.

With additional support, the program will expand its scale and reach, helping more businesses build and grow, and help close the racial wealth and opportunity gap.

Become a donor today

*JPMorganChase annual donation match may be subject to an annual cap