Eves Equity and Central One Lending Group Partner to Provide $1 Billion in Business Funding
Bacon Magazine is proud to share news about a groundbreaking partnership between the Evals Equity Women’s Fund and Central One Lending Group. This collaboration aims to provide $1 billion in business and home loans to underrepresented founders, with a focus on injecting capital into minority communities. In a landscape where access to funding can make or break a business, this opportunity stands to create a significant shift for Black women in business and other minority entrepreneurs.
The Evals Equity Women’s Fund focuses on supporting entrepreneurs who have been excluded from traditional funding networks by providing financial resources and mentorship. Their goal is to empower founders through capital and education, ensuring business owners have the tools to thrive. Partnering with Central One Lending Group—a lending organization known for offering accessible loan programs—this initiative bridges the gap between financial need and opportunity by offering both business and home loans.
Black women entrepreneurs often face unique barriers when seeking funding, such as higher rejection rates and fewer connections to traditional venture capital networks. This initiative aims to break down those obstacles by offering a direct line to capital, helping to fund businesses in the very communities that need it the most. Access to funding is more than just financial—it’s a lifeline for innovation, sustainability, and economic empowerment. For many Black women in business, this partnership represents a critical opportunity to grow their ventures, create jobs, and build generational wealth.
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Applying for funding has been made simple through Central One Lending Group’s new “Business Funding” tab on their website. Using the referral code “Evals Equity” during the application process will ensure your submission is tracked and prioritized.
To qualify for a home loan, applicants need a minimum credit score of 580 (or 600 for $0 down), two years of consistent income history, and a debt-to-income ratio of no more than 50 percent (or 56 percent for $0 down). For business loans or lines of credit, applicants need a credit score of 680 or higher and at least six months of positive business financials.
Evals Equity understands that not all applicants will meet the funding criteria immediately. To address this, they offer a community membership program designed to help entrepreneurs build financial literacy and position themselves for future success. For a one-time fee, members receive access to educational resources, financial mentorship, and guidance on meeting loan qualifications in the future. This membership program is an investment in long-term success, helping business owners gain the skills and insights they need to thrive.
This partnership symbolizes more than just access to loans—it represents a shift toward equity and opportunity in the business world. For too long, Black women and other minority founders have struggled to secure the capital needed to grow their ventures. The availability of $1 billion in funding, along with mentorship and educational support, marks a new era of inclusion and empowerment for these entrepreneurs.
The application process is live now. Applicants are encouraged to apply through Central One Lending Group’s website and use “Evals Equity” as the referral source. Be sure to stay responsive by checking your email and answering any calls from lenders who may assist with the application process.
This initiative offers more than just funding—it provides the resources, education, and opportunity needed to thrive. As Bacon Magazine continues to celebrate the achievements of women in business, we’re excited to advertise this opportunity that could be the next big step for many entrepreneurs. Now is the time to apply, grow, and build the future you envision. This partnership is a powerful reminder that with access to the right resources, anything is possible.
