Community Reinvestment Fund, USA (CRF) is pleased to announce it has hired a new team member—John A. Bodnar as its new Small Business Community Lender. Bodnar will be working with CRF’s small business lending team in the Chicagoland area.
Bodnar has more than 22 years of experience in business and commercial banking, including the past two years with a California-based Community Development Financial Institution (CDFI). His commitment to assisting small businesses that are unable to obtain conventional financing – particularly businesses in communities with economic challenges – is a thread that runs throughout his career.
A Chicago native, Bodnar has spent his career creating opportunities by building trust and developing strong relationships with both strategic partners and small business borrowers. He is skilled in loan structuring and risk analysis and has underwritten and processed hundreds of SBA 7(a) small business loans.
CRF’s SBA 7(a) loan program, administered through its affiliate – CRF Small Business Loan Company – is a highly flexible alternative to traditional business loans, providing between $150,000 and $4 million to qualified businesses that can’t be financed by conventional lending sources. With lower down-payments and terms as long as 25 years, SBA 7(a) loans have manageable monthly payments and a lower cash outlay to ease cash flow and hasten growth.
“I’m thrilled to be joining one of the most well-known and business lending-focused CDFIs in the country,” said Bodnar. “CRF is truly making a difference in the Chicagoland region, improving the financial ecosystem and ensuring that small business borrowers have access to the capital they need to grow and improve their communities.”
