Stories
Vision Quest: This Can-Do Indianapolis Company Is Growing its Business—and a Healthier, More Diverse Supply Chain
Quest Safety Products, a small, minority-owned distributor and maker of personal protective equipment and other safety products, has a 27-year track record of meeting customer needs. Now growth capital from the Abbott-LISC Initiative to Support Diverse Businesses in Health is helping CEO Sam Yadav realize an expansion, boosting resiliency in a supply chain that’s vital to us all.
Helping More People Get the Mental Health Care They Need
After a student’s tragic death, former teacher Elizabeth Alegría founded Gramercy Specialty Clinic, a Texas-based behavioral healthcare organization focused on serving diverse populations and addressing mental health barriers in Latino communities. With a $150,000 investment from the Abbott-LISC Initiative to Support Diverse Businesses in Health, Alegría is expanding Gramercy’s virtual services and developing a technology app to scale the organization across several states.
Consulting Firm’s Efforts to Deliver New Therapies to Patients Faster is Bolstered by LISC
Jeanette Towles founded Synterex, a clinical and regulatory consulting firm, to help life science companies deliver new therapies to patients faster. When she hit capital roadblocks as she worked to grow her business, LISC stepped in to help. Learn how $1 million in affordable capital from the Abbott-LISC Initiative to Support Diverse Businesses in Health is helping Towles develop an artificial intelligence tool that will fuel Synterex’s growth.
Black-owned Embroidery Business Sews a Missing Thread in Alabama
Alabama-based Epiphanys recently received a $350,000 acquisition loan from LISC to expand its capacity to serve federal agencies and fuel growth through new contracts. The loan was supported by Truist, Mackenzie Scott, and the Wells Fargo Open for Business Fund.
Emergency Management Consulting Firm is Charting New Territory, with Help From LISC
Houston-based Laveer Logix recently received a $260,000 working capital loan from LISC to expand its capacity to serve federal agencies and fuel growth through new contracts. The loan was supported by the Abbott-LISC Initiative to Support Diverse Businesses in Health and the LISC Entrepreneurs of Color Fund supported by JPMorganChase.
Celebrating Black-owned Businesses in August—and the Rest of the Year!
Black-owned businesses face systemic barriers to accessing capital and credit. In honor of Black Business Month, we’re sharing our favorite stories about the entrepreneurs we’ve worked with and who have benefitted from the funding partnerships that help break down the obstacles to progress and success.