Crossroads Systems
Crossroads Systems is a holding company focused on investing in businesses that promote economic vitality and community development, with a commitment to providing capital to underserved communities.
Overview of Crossroads Systems
Crossroads Systems is a holding company that invests in businesses aimed at promoting economic vitality and community development. The company's mission is to enhance economic opportunities through equitable access to capital, with a particular focus on underserved and underbanked communities. By partnering with innovative enterprises, Crossroads Systems seeks to uplift people and areas often overlooked by traditional financing sources.
Crossroads Systems' Social Impact
Crossroads Systems has shown a significant commitment to social impact. Their Social Impact Report for 2023 highlights a 260% increase in committed investments, reaching a total of $490 million. This substantial growth underscores the company's dedication to fostering economic vitality and supporting community development through strategic financial investment.
Subsidiaries of Crossroads Systems
Crossroads Systems operates through key subsidiaries, including Capital Plus Financial and Rise Line Business Credit, LLC. Capital Plus Financial is a certified Community Development Financial Institution (CDFI) and a certified B-Corp that supports Hispanic homeownership through long-term, fixed-rate single-family mortgage products. Rise Line Business Credit, LLC is a nationwide asset-based lending firm offering working capital solutions. Both subsidiaries align with Crossroads' mission to provide equitable financial access and support community development.
Community Development Initiatives at Crossroads Systems
Crossroads Systems is committed to enhancing community development by focusing on investments that boost economic vitality in underserved regions. The company's initiatives aim to provide access to capital for businesses and individuals who are typically overlooked by traditional financing sources. This approach helps improve the economic landscape of these communities, promoting sustained growth and development.
Headquarters of Crossroads Systems
Crossroads Systems is headquartered in Bedford, Texas. The central location allows the company to efficiently manage its diverse range of investments and operations while staying connected to the communities and businesses it serves. The Bedford headquarters serves as the hub for strategic planning and execution of Crossroads Systems' mission-driven initiatives.