September 28, 2011
Washington, DC - U.S. Department of the Treasury today announced the seventh and final wave of funding provided through the Small Business Lending Fund. This includes 51 certified Community Development Financial Institutions (CDFIs) that received an aggregated total of $104,279,000. Treasury released the term sheet and other application materials needed by Community Development Loan Funds to access this lower-cost capital on May 26, 2011.
Community Development Financial Institutions Fund Director Donna J. Gambrell issued the following statement:
"The Small Business Lending Fund was created to spur investments in small businesses, a priority of CDFIs across the country. I am proud of the strong performance of certified CDFI Loan Funds under this program, which demonstrates that the basic tenets of operation that CDFIs employ every day – focusing investments in job creation opportunities, encouraging the growth of small businesses, and targeting economic growth where it is most needed – are key to this nation’s economic recovery."
Appalachian Community Enterprises, Inc.
Boston Community Loan Fund
Bridgeway Capital, Inc.
Building Hope…A Charter School Facilities Fund
California Coastal Rural Development Corporation
Capital Link Inc.
CEN-TEX Certified Development Corporation
Charleston Citywide Local Development Corporation
Citizen Potawatomi Community Development Corporation
Coastal Enterprises, Inc.
Colorado Enterprise Fund, Inc.
Community First Fund
Community Loan Fund of the Capital Region, Inc.
Community Reinvestment Fund, Inc.
Community Ventures Corporation
ECDC Enterprise Development Group
Economic and Community Development Institute, Inc.
Enterprise Community Loan Fund
Federation of Appalachian Housing Enterprises, Inc.
Forward Community Investments, Inc.
Greater New Haven Community Loan Fund, Inc.
Impact Seven, Inc.
La Fuerza Unida Community Development Corporation
Leviticus 25:23 Alternative Fund, Inc.
Low Income Investment Fund
Lowcountry Housing Trust
Midwest Minnesota Community Development Corporation
Montana Community Development Corporation
NCB Capital Impact
Nebraska Enterprise Fund
Nonprofits Assistance Fund
Northeast South Dakota Economic Corporation
Northside Community Development Fund
OBDC Small Business Finance
Opportunity Fund Northern California
Partners for the Common Good, Inc.
Primary Care Development Corporation
Rural Community Assistance Corporation
Rural Electric Economic Development, Inc.
Seedco Financial Services
ShoreBank Enterprise Group, Pacific dba Enterprise Cascadia
South Eastern Development Foundation
The Progress Fund
The Reinvestment Fund, Inc.
Valley Economic Development Center, Inc.
Vermont Community Loan Fund, Inc.
Western Massachusetts Enterprise Fund, Inc
Wisconsin Women's Business Initiative Corporation
Click here for more information on today’s announcement by Treasury.