We also want to let you know that Bank of America and
Provident Bank are helping to make low interest loans available to small
businesses hammered by Hurricane Sandy.
They’ve made a combined $2.25 Million available to a number of Community Development Financial Institutions in New York and New Jersey. These
According to a report from NJBiz,
Bank of America has made $2 million
available to CDFIs at zero interest, and the CDFIs are loaning it out at 3% or
so. Provident Bank Foundation is making $250,000 available to the CDFIs and is
also making grants of up to $25,000 to organizations providing relief to small businesses.
Community Development Financial Institutions provide credit and financial services to underserved markets and populations. CDFIs are certified by the Community Development Financial Institutions Fund from the US Treasury Department. CDFIs are funded by the US Treasury, banks, private investors and non-profit organizations.
Here’s a list of CDFIs in this program and the
contact information to get you started.
Organization
(CDFI)
|
Contact
|
Accion USA
|
Phone:
866-245-0783
www.accionusa.org |
Asian
Americans for Equality (AAFE)
|
Phone:
212-979-8988
www.aafe.org |
Cooperative
Business Assistance Corporation (CBAC)
|
Phone:
856-966-8181
www.cbaclenders.com |
CDC of
Long Island
|
Phone:
631-471-1215
www.cdcli.org |
New Jersey
Community Capital
|
Phone:
732-640-2061
www.newjerseycommunitycapital.org |
Enterprise
Community Partners
|
Phone:
212-284-7121
www.enterprisecommunity.com |
Grow
America Fund
|
Phone:
212-682-1106
www.nationaldevelopmentcouncil.org |
LISC
|
Phone:
212-455-9800
www.lisc.org |
Low Income
Investment Fund
|
Phone:
212-509-5509
www.liifund.org |
New York
Business Development Corp
|
Phone
800-923-2504
www.nybdc.org |
Nonprofit
Finance Fund
|
Phone:
212-868-6710
Phone: 973-642-2500 www.nonprofitfinancefund.org |
Renaissance
EDC
|
Phone:
212-964-6022
www.renaissance-ny.org |
UCEDC
|
Phone:
908-527-1166
www.ucedc.com |
Richmond, VA • Bridgewater, NJ • Amityville, NY 1-800-570-4313
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