Our Impact Metrics

[1] In our infancy, much of our work has centered on developing and refining our lending strategy. As that strategy matures, we're largely reacting to the shape of our pipeline rather than proactively shaping it. Our equity metrics (such as the percentage of new loans made to BIPOC, LGBTQIA+, and female operators) reflect this dynamic. These figures have fluctuated year over year, but we expect them to stabilize and improve incrementally as our sales culture continues to develop.

[2] Developing a more concentrated agricultural practice area is a top priority in 2026. After funding a wide range of farms in 2023 (reflected in our share of new loans to small farms and total acres of farmland funded) our activity shifted toward other sectors, including food brands, clean energy, and nonprofits. Going forward, we expect agriculture to represent a growing portion of the portfolio.

[3] The fluctuation in our share of new loans in low- and moderate-income areas reflects a reactive posture rather than a deliberate strategy, and should stabilize as our approach becomes more proactive.

[4] We saw a meaningful increase in the average score of borrowers' impact assessment submissions. Standout performers included Organic Nuna (100% normalized score), LeBlanc Family Farm (95%), and Maker Wine Company (84%).