$4.2M in expenses

Lending program - in may of 2024, management of thread capital began a strategic assessment of operations, including temporarily ceasing loan originations while continuing to service existing loans outstanding. This assessment culminated in a new capital access framework where thread will support small business lending in an intermediary role instead of a direct lending role. Currently, thread is planning and iniating this new framework. It will continue to service loans that had already been originated. Prior to this assessment, thread capital offered small business loans from $500 to $250,000 to businesses that were not effectively served by the traditional financial system. It also provided loans to businesses that have been impacted by either natural disasters or the global pandemic. In addition to capital access, thread capital also provided coaching and connections to small businesses and entrepreneurs.