Community Reinvestment Fund, USA (CRF) is tremendously honored to receive a record $20 million grant from philanthropist MacKenzie Scott. This is the second award CRF has received from Scott, having received a $15 million donation in 2020. The unprecedented size and unique structure of this grant provides CRF with an extraordinary opportunity to maximize our […]
crfprogramdev
CRF boosts small business lending with private partner
April 3, 2024 (MINNEAPOLIS) In a new partnership, Community Reinvestment Fund, USA (CRF) and Mission Driven Finance aim to accelerate and expand its place-based small business lending. This partnership leverages the respective strengths of CRF and Mission Driven Finance to solve community finance challenges, including difficulties faced by many small businesses in accessing conventional sources of […]
Community Reinvestment Fund, USA Names Ben Jirik Senior Loan Officer
Community Reinvestment Fund, USA (CRF) is thrilled to share that Ben Jirik has recently joined the organization as a senior loan officer. Ben will work closely with entrepreneurs to connect them with capital and resources designed to support them along their small business journey. “With his deep understanding of credit and commitment to helping entrepreneurs […]
Preparing For State Small Business Credit Initiative (SSBCI) Reporting
Administered by the U.S. Department of Treasury, the State Small Business Credit Initiative (SSBCI) is a federal program providing $10 billion to states, the District of Columbia, territories, and Tribal governments to promote small business growth and access to capital. SSBCI funding is deployed by jurisdictions to small businesses through equity/venture capital programs, loan participation […]
Insights – The Southern Opportunity and Resiliency (SOAR) Fund
Program Overview Launched in April 2021, the Southern Opportunity and Resiliency (SOAR) Fund provided affordable financing and free business support to services to eligible small businesses and nonprofits across the southern and southeastern United States to help them rebuild from the COVID-19 pandemic. The SOAR Fund included 12 Community Development Financial Institution (CDFI) participants that […]
Insights – California Rebuilding Fund
Program Overview The California Rebuilding Fund (CARF) provided flexible financing to California small businesses. Participating Community Development Financial Institutions (CDFIs) provided loans up to $100,000 to eligible California small businesses, which could be used for working capital, inventory, refitting for new social distancing guidelines, and more. Between January 2021 – June 2022, the Fund led […]
Insights – Chicago Small Business Resiliency Loan Fund
Program Overview 60 Decibels is partnering with CRF USA & Calvert Impact Capital to understand the impact of the Chicago Small Business Resiliency Loan Fund on small businesses. Partner organizations came together, via an innovative structure and collaborative funding model, to better understand and address common challenges in accessing and deploying capital for historically underserved […]
Insights – New York Forward Loan Fund Program
Program Overview Launched in 2020, the New York Forward Loan Fund (NYFLF) supported New York State small businesses with 50 or fewer full-time employees, nonprofits, and small residential landlords that experienced a loss of rental income. Through the fund, five local Community Development Financial Institutions (CDFIs) provided loans up to $100,000 to eligible New York […]
SOAR Fund
Launched in April 2021, the Southern Opportunity and Resiliency (SOAR) Fund provided affordable financing and free business support to services to eligible small businesses and nonprofits across the southern and southeastern United States to help them rebuild from the COVID-19 pandemic. The SOAR Fund included 12 Community Development Financial Institution (CDFI) participants that made loans […]
