New Funding for businesses promote community development
Posted on Thursday, July 1st, 2010 at 4:51 pm.
A growing number of the nation’s lenders are pursuing a speciality that could make them a promising source of funding for small-business owners and entrepreneurs who don’t qualify for traditional bank loans.
Small banks, credit unions, nonprofit groups and others are seeking to join the 859 lenders that have been designated by the government as Community Development Financial Institutions.
To qualify for that status, they must have a mission to promote community development and direct at least 60% of their loans to low-income communities or individuals, leaving them room to pursue other types of business.
SBA Loans
SBA guaranteed loans…
There are many options to explore. See what SBA loan program you qualify for.
Line of Credit
Woman Financing
Funding options for woman owned businesses…
A number of loans available to
help women start and expand
their businesses.