Louisiana Economic Development says it is looking for small business owners to participate in its Small and Emerging Business Development Program roundtables.
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NEW ORLEANS, March 8, 2021 /PRNewswire/
TruFund Financial Services, Inc. has received a $1M Grow with Google Small Business Fund loan and a $150K Google.org-funded grant from Opportunity Finance Network (OFN), a leading network for Community Development Financial Institutions (CDFIs). The loan fund and grant will support TruFund Financial s lending services to minority- and women-owned small businesses in Louisiana.
TruFund Financial Services, Inc. is a 501(C)3 certified Community Development Financial Institution (CDFI) headquartered in New York City with field offices in Alabama, Louisiana, and Texas. TruFund s mission is to promote and foster economic development within underserved communities and among disadvantaged populations by providing affordable loan capital to small businesses and nonprofit organizations who have difficulty accessing capital from banks or other conventional lenders.
Laurel Street Receives Equity Investment from TruFund s Impact Developers Fund to Accelerate Growth
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NEW YORK, Jan. 28, 2021 /PRNewswire/ TruFund Financial Services ( TruFund ), a Community Development Financial Institution located in New York City announced that it has made an equity investment in Charlotte, North Carolina-based Laurel Street Residential, LLC, a minority- and women-owned real estate development company. Led by President and CEO Dionne Nelson, the mixed-income housing development firm focuses on providing affordable housing opportunities throughout its footprint, with a significant presence in North Carolina. The investment from TruFund s Impact Developers Fund will strengthen the firm s balance sheet, augment market expansion, and enhance organizational capacity building.