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Share this article 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. ....
Share this article Share this article BETHESDA, Md., March 3, 2021 /PRNewswire/ A diverse group of community finance organizations today announced the Southern Opportunity and Resilience (SOAR) Fund, which aims to raise $150 million to provide affordable capital and free business support to small businesses and nonprofits in 15 southern and southeastern states to help them navigate and rebuild from the Covid-19 health and economic crisis. The SOAR Fund was created by community lenders in the South to provide economic recovery loans to small businesses in their communities at a time when they are facing unprecedented health and economic challenges. The loans are designed to reach the smallest of small businesses and those that have been historically underbanked - the type of businesses that this coalition of lenders have been serving for decades. These businesses often struggle to access capital from traditional sources but are critical to providing jobs and support ....
Laurel Street Receives Equity Investment from TruFund s Impact Developers Fund to Accelerate Growth News provided by Share this article Share this article 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. ....