pa cdfi network

We provide responsible, affordable loans to small businesses underserved by mainstream finance.

Many CDFIs are regional lenders, others serve primarily rural, urban, or Native communities. Needs for a Loan. Prepare to talk to a CDFI using the tab at the right of this page. 174.000000000000 1291187430.00000 Scranton Neighborhood Housing Services, Inc. Washington County Council on Economic Development, West Philadelphia Financial Service Institution, Community Development Financial Institutions Fund. United States Department of the Treasury, USA.gov|Grants.gov|Regulations.gov|OIG|Treasury.gov|Small & Disadvantaged Businesses|No Fear Act. All rights reserved. The second application window opened on August 10th and closed on August 28th. Not all CDFIs offer the same types of loans! Neighborhood Housing Services of Greater Berks, Inc. New Horizons Community Federal Credit Union, Pennsylvania Appalachian Capital Alliance, Pennsylvania Assistive Technology Foundation, Rural Business Innovation Corporation (RBI).

Opportunity Finance Network (OFN), a leading national network of CDFIs, offers a CDFI Locator to help your small business or microenterprise find a CDFI serving your needs and geographic area. • $25 million for the Loan Payment Deferment and Loss Reserve Program, which will allow the CDFIs the opportunity to offer forbearance and payment relief for existing portfolio businesses that are struggling due to the impact of COVID-19, as well as shore up the financial position of the CDFIs that are experiencing significant increased defaults in their existing loan portfolios. CDFIs offer small business financing—with products ranging from relief and recovery loans to financing for working capital—as well as technical expertise to help you succeed. We have helped small businesses successfully navigate national emergencies and disasters, such as 9/11, the Great Recession, and Hurricanes Katrina, Sandy, and Harvey. CDFIs are also financial first responders in crisis. Be as detailed as possible about your need for a loan, and the purpose of the loan. Aliquippa Alliance for Unity and Development, Inc. Economic Development Council of Northeastern Pennsylvania, Enterprise Center Capital Corporation, The, Enterprise Development Fund of Erie County. The small businesses that have been approved for awards span all 67 Pennsylvania counties.ce program. Lower Swatara Township hires new MS4 coordinator . Loans from $250,000 to $5 million. 3) Identify a CDFI and Prepare for the Conversation. CDFI must meet state accreditation standards and program underwriting guidelines; Minimum two years lending experience; Focus on economic development and job creation; Funding . • $100 million for the Historically Disadvantaged Business Revitalization Program for small businesses that experienced loss as a result of the business closure order, have or will incur costs to adapt to new business operations related to COVID-19, and in which socially and economically disadvantaged individuals own at least a 51 percent interest and also control management and daily business operations. U.S. Department of the Treasury Community Development Financial Institutions Fund, Building Native CDFIs’ Sustainability and Impact II, Access for All: Expanding CDFI Impact in the Disability Community. We also help businesses get out from under high payments from “predatory” payday, car title, and other high-cost, unscrupulous loans. The small businesses that have been approved … Click here for a list of locations where you can pick up a copy! Executive Training for CDFI Board Members, Fundamentals of the Opportunity Finance Industry, Renewable and Energy Efficiency Financing Grant, CDFIs (community development financial institutions). We need to provide assistance for those who were hurt by the pandemic and the resulting economic downturn,” Gov. Closed: New Year’s Day, Memorial Day, Fourth of July, Labor Day, Thanksgiving and Christmas. During the COVID-19 pandemic, we are working with partners like Google, the Small Business Administration, and numerous foundations and banks to help America’s most at-risk businesses survive and, ultimately, recover from the crisis.

Opportunity Finance Network (OFN), a leading national network of CDFIs, offers a CDFI Locator to help your small business or microenterprise find a CDFI serving your needs and geographic area. Each CDFI has an area of specialty. Community Development Financial Institutions Fund CDFIs are driven by a mission to provide financial opportunities to all people. Please turn on JavaScript and try again. Terms. We are private financial institutions that are located in rural, urban, and Native communities nationwide. About $225 million from a statewide grant program will be used to support small businesses that were impacted by the COVID-19 public health crisis and subsequent business closure order. Having trouble with unemployment claims? *The CDFI Locator member information is updated regularly. Have you already tried and been denied a bank loan? Do you know why? Pa. has new program that will extend them, Phone scam threatens arrest unless the potential victim calls back, Monday is last day to register to vote in June 2 primary; deadline to get mail-in ballot approaches, Everything you'll need to know about a boil water advisory, 20 S. Union Street CDFIs drive an inclusive economy and will ensure a shared recovery. 717-944-4628 It looks like your browser does not have JavaScript enabled. Read about CDFI borrowers on OFN’s borrower success stories page. Office Hours: Mondays - Fridays, 9 a.m. to 4 p.m. CDFIs offer financial products and services tailored to the individuals they serve. The funds will be available through three programs: • $100 million for the Main Street Business Revitalization Program for small businesses that experienced loss as a result of the governor’s March 19 order relating to the closure of all non-life-sustaining businesses and have or will incur costs to adapt to new business operations related to COVID-19. The PA CDFI Network is a group of 17 PA-based community development financial institutions that primarily provide financing options for small businesses.
Follow these simple steps on the CDFI Locator* to get in touch with the right CDFI for you. Visit the PA CDFI Network at pabusinessgrants.com to view the latest list posted by the PA Department of Community and Economic Development. Are you concerned about predatory online lenders? Once you’ve filtered based on your needs, visit the websites of all CDFI choices offered — understand what types of loans they offer, as well as the communities and geographies they serve.Email the CDFI you select. Some CDFIs work with small businesses, others work with housing developers, and many lend to build community facilities. The small businesses that have been approved for awards span all 67 Pennsylvania counties.

Opportunity Finance Network, Philadelphia Philadelphia Neighborhood Housing Services, Inc., Philadelphia PIDC - Regional Development Reinvestment Fund, Inc., The, Philadelphia Continued… CDFIS IN PENNSYLVANIA THE CDFI FUND – U.S DEPARTMENT OF TREASURY Number of CDFIs in Pennsylvania: 30 Total CDFI Fund awards to Pennsylvania organizations since 1996: $124,214,854 … Statewide, Pa. – August 10, 2020 – The Pennsylvania CDFI Network and the PA State Senator Democrats today announced $96 million in grant awards under the COVID-19 Relief Pennsylvania Statewide Small Business Assistance program. The Department of Community and Economic Development will distribute the funds to the Community Development Financial Institutions, which will then administer the funding in the form of grants.

The PA CDFI Network is a group of 17 Pennsylvania-based community development financial institutions that primarily provide financing options for small businesses. View state impact data by our CDFI Program and NMTC Program awardees to the right, and view the full list of awards made to organizations in this state below.

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