Statement from CDFI Fund Director Gambrell on 51 Certified CDFIs Receiving Over $104 Million in Small Business Lending Fund Awards

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."


Institution Name State Amount Funded
Appalachian Community Enterprises, Inc. GA $188,000
Boston Community Loan Fund MA $4,410,000
Bridgeway Capital, Inc. PA $1,820,000
Building Hope...A Charter School Facilities Fund DC $2,091,000
California Coastal Rural Development Corporation CA $870,000
Capital Link Inc. MA $198,000
CEN-TEX Certified Development Corporation TX $489,000
Charleston Citywide Local Development Corporation SC $1,000,000
Citizen Potawatomi Community Development Corporation OK $490,000
Coastal Enterprises, Inc. ME $2,316,000
Colorado Enterprise Fund, Inc. CO $463,000
Community First Fund PA $862,000
Community Loan Fund of the Capital Region, Inc. NY $478,000
Community Reinvestment Fund, Inc. MN $5,100,000
Community Ventures Corporation KY $1,045,000
ECDC Enterprise Development Group VA $320,000
Economic and Community Development Institute, Inc. OH $203,000
Enterprise Community Loan Fund MD $8,817,000
Federation of Appalachian Housing Enterprises, Inc. KY $2,063,000
Forward Community Investments, Inc. WI $470,000
Greater New Haven Community Loan Fund, Inc. CT $525,000
IFF IL $8,294,000
Impact Seven, Inc. WI $4,000,000
La Fuerza Unida Community Development Corporation NY $42,000
Leviticus 25:23 Alternative Fund, Inc. NY $750,000
Low Income Investment Fund CA $7,490,000
Lowcountry Housing Trust SC $392,000
Midwest Minnesota Community Development Corporation MN $4,600,000
Montana Community Development Corporation MT $585,000
Mountain BizCapital NC $197,000
NCB Capital Impact VA $8,218,000
Nebraska Enterprise Fund NE $197,000
Nonprofits Assistance Fund MN $686,000
Northeast South Dakota Economic Corporation SD $1,000,000
Northside Community Development Fund PA $250,000
OBDC Small Business Finance CA $219,000
Opportunity Fund Northern California CA $2,236,000
Partners for the Common Good, Inc. DC $1,009,000
PeopleFund TX $500,000
Primary Care Development Corporation NY $4,000,000
Rural Community Assistance Corporation CA $4,300,000
Rural Electric Economic Development, Inc. SD $1,230,000
Seedco Financial Services NY $2,500,000
ShoreBank Enterprise Group, Pacific dba Enterprise Cascadia WA $1,867,000
South Eastern Development Foundation SD $240,000
The Progress Fund PA $1,052,000
The Reinvestment Fund, Inc. PA $11,708,000
Valley Economic Development Center, Inc. CA $661,000
Vermont Community Loan Fund, Inc. VT $1,247,000
Western Massachusetts Enterprise Fund, Inc MA $200,000
Wisconsin Women's Business Initiative Corporation WI $391,000
Total 51 $104,279,000

Click here for more information on today'ocusings announcement by Treasury.

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