Copyright © 2020 Opportunity Finance Network. 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. United States Department of the Treasury, USA.gov|Grants.gov|Regulations.gov|OIG|Treasury.gov|Small & Disadvantaged Businesses|No Fear Act. CDFIs (community development financial institutions) are different kinds of lenders. The PA CDFI Network is a group of 17 PA-based community development financial institutions that primarily provide financing options for small businesses. 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). 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. 174.000000000000 1291187430.00000 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. Independence Community Commercial Reinvestment Corp. Lancaster Housing Opportunity Partnership, National City Community Development Corporation. 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.
While OFN works hard to keep this database up-to-date, we strongly encourage you to visit the websites of CDFIs that fit your criteria for a deeper understanding of the products they offer and the communities they serve. *Each CDFI will have its own requirements and forms to complete — these are examples of the types of materials you may be asked to supply. “These grants and the relief they will […] Visit the PA CDFI Network at pabusinessgrants.com to view the latest list posted by the PA Department of Community and Economic Development. 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 … The small businesses that have been approved for awards span all 67 Pennsylvania counties.ce program.
Lower Swatara Township hires new MS4 coordinator . Tom Wolf said. “As we continue to navigate the COVID-19 pandemic and shift our focus toward reopening our commonwealth, we need to help all Pennsylvanians recover. Terms. Needs for a Loan. Have you already tried and been denied a bank loan? Follow these simple steps on the CDFI Locator* to get in touch with the right CDFI for you. 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 CDFI Locator member information is updated regularly. Are you an underserved borrower—minority, female, rural, veteran? The funding was developed in partnership with state lawmakers and allocated through the recently enacted state budget, which included $2.6 billion in federal stimulus funds through the Coronavirus Aid, Relief, and Economic Security (CARES) Act, of which $225 million was earmarked for relief for small businesses. Here are 6 tips to help solve your problem, Your unemployment compensation benefits run out? We provide responsible, affordable loans to small businesses underserved by mainstream finance. We have helped small businesses successfully navigate national emergencies and disasters, such as 9/11, the Great Recession, and Hurricanes Katrina, Sandy, and Harvey. Aliquippa Alliance for Unity and Development, Inc. Economic Development Council of Northeastern Pennsylvania, Enterprise Center Capital Corporation, The, Enterprise Development Fund of Erie County. Not all CDFIs offer the same types of loans! Each CDFI has an area of specialty. Community Development Financial Institutions Fund Financial Documents and Information. Middletown, PA 17057-1445 Why are you contacting a CDFI? 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 second application window opened on August 10th and closed on August 28th. CDFIs lend to borrowers who are minority, female, underserved, and rural or do not have a relationship with a mainstream bank. Where others see risk, we see opportunity: CDFIs specialize in serving business owners who may not qualify for a traditional business loan from a mainstream financial institution. Be prepared to share financial documentation, such as bank statements, tax returns, profit and loss statements, and a list of collateral. Do you know why? 717-944-4628 For your first meeting, be prepared to discuss and share*: Your Story.
Some CDFIs work with small businesses, others work with housing developers, and many lend to build community facilities. 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. It looks like your browser does not have JavaScript enabled. The small businesses that have been approved … Executive Training for CDFI Board Members, Fundamentals of the Opportunity Finance Industry, Renewable and Energy Efficiency Financing Grant, CDFIs (community development financial institutions). • $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. The small businesses that have been approved for awards span all 67 Pennsylvania counties. Eligible businesses will be able to use the grants to cover operating expenses during the shutdown and transition to re-opening, and for technical assistance including training and guidance for business owners as they stabilize and relaunch their businesses.
Office Hours: Mondays - Fridays, 9 a.m. to 4 p.m. Read about CDFI borrowers on OFN’s borrower success stories page. Are you concerned about predatory online lenders? We need to provide assistance for those who were hurt by the pandemic and the resulting economic downturn,” Gov. Many CDFIs are regional lenders, others serve primarily rural, urban, or Native communities. We also help businesses get out from under high payments from “predatory” payday, car title, and other high-cost, unscrupulous loans. 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. 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