Equalize Community Development Fund
EQCDX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 37 West Avenue Wayne PA United States of America 19087
- IPO Date
- Apr 28, 2023
- CIK
- 0001582138
- Website
- equalizecapital.com
- Similar Companies
- Business
- Equalize Community Development Fund (EQCDX) is a non-diversified, closed-end interval fund that primarily invests in U.S. Small Business Administration (SBA) 504 first lien loans to small, growing businesses, particularly those facing challenges in obtaining traditional bank financing. The Fund offers investors access to a portfolio composed mainly of new production SBA 504 first lien loans, which support minority-owned businesses, women-owned businesses, veteran-owned businesses, and companies located in economic opportunity zones; these investments aim to promote job creation, integrate underserved businesses into the banking economy, and qualify for favorable Community Reinvestment Act (CRA) consideration under either the investment or lending test. It provides current income through attractive dividend yields in a CRA-beneficial security, with a focus on impactful ESG opportunities, though 504 first lien loans are not guaranteed by the SBA or U.S. government and carry illiquidity risks mitigated by periodic repurchase offers. The Fund, managed by Equalize Capital LLC, a registered investment adviser, targets underserved U.S. markets nationwide, facilitating lending that has collectively supported tens of thousands of small businesses through the SBA 504 program, which funded nearly $24 billion in loans as of September 2019. Headquartered at 151 Calle de San Francisco, Suite 200 PMB 5333, San Juan, Puerto Rico, the Fund operates without a specified founding year in public records but emphasizes strategic portfolio decisions balancing CRA compliance with investment performance. In recent developments, Equalize Capital announced an advisor name change via prospectus supplement, reflecting a strategic rebranding or reorganization effort. The firm also completed a $4 million investment in the Bluestone Community Development Fund (BLUCX) in March 2021, welcoming Colony Bank as a new investor to expand community development lending scale. These moves underscore ongoing efforts to enhance fund partnerships and operational reach within the community development finance sector.