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Updated: 47 min 17 sec ago

SBA funding for restaurant and related businesses

Tue, 2021-05-04 11:15
From : Communities>>Open Forum
Please make sure any of your clients in the food service/bar/food truck businesses know about the SBA Restaurant Revitalization Fund . Application period is now open! If any of your clients need help applying, we do that for free for our members .  Have a great day! ------------------------------ Jason Gabbard CEO Jason Gabbard 888-587-8187 ------------------------------

RE: Concerned about the conversion rate of online loan applications

Tue, 2021-05-04 10:53
From : Communities>>Open Forum
Yajahira, I appreciate what you wrote, and you certainly aren't alone.  As a fintech company, many of our customers use our online loan applications to expedite the process of requesting loans from our CDFI clients. What many of them found is that the more information they asked for initially, the less they got!  So they then modified their processes and now only ask for basic information initially.  Once they get that basic info, they set up a preliminary call or automatically request more information [More]

RE: Friedman Associates selected by National Urban League to Design and Build its CDFI

Tue, 2021-05-04 09:08
From : Communities>>Open Forum
Awesome work for you and your team Jason! ------------------------------ Michael Brydge Sweet Grass Consulting 540-448-1826 ------------------------------

Community Vision

Mon, 2021-05-03 13:49
From : Communities>>Open Forum
Hi Colleagues,  I wanted to share some exciting news. Today, the Board of Directors of Community Vision Capital & Consulting announced the selection of current Senior Vice President of Programs, Catherine Howard, to be the organization's next President. Cat has more than 25 years of experience in the CDFI industry and began her career as an intern with Community Vision in 1997. Recognized for her expertise in expanding access to capital by challenging traditional concepts of risk and developing innovative [More]

Friedman Associates selected by National Urban League to Design and Build its CDFI

Mon, 2021-05-03 13:01
From : Communities>>Open Forum
Dear Colleagues - a major partnership was announced by NUL and Charter Communications to invest in a new CDFI for minority-owned businesses in urban communities. Friedman Associates was selected to design and develop a national funding intermediary, the Urban Empowerment Fund.  NEW YORK (May 3, 2021) --  The National Urban League has closed on a $3 million commitment from Charter Communications, Inc. that will revitalize and transform the League's small business lending subsidiary, the Urban Empowerment [More]

RE: Member Monday

Mon, 2021-05-03 10:51
From : Communities>>Open Forum
In this week's Member Monday , we would like to highlight the work of Ventana Fund.  Ventana fund serves the second highest poverty rate in the nation in New Mexico. They focus on rehabilitating older rental properties to affordable housing units. The housing stock in New Mexico consists primarily of single-family homes, where single family and mobile homes represent a full 88% of the housing stock.  In the coming years, Ventana Fund has outlaid 3 primary goals: to create $11 million in loans [More]

Thread Capital is hiring!: Coaching and Connections Manager

Fri, 2021-04-30 13:54
From : Communities>>Open Forum
Thread Capital is seeking a Coaching & Connections Manager to design, implement, and iterate highly effective strategies for the delivery of coaching and connections for small businesses who have traditionally faced barriers to accessing the resources they need to grow their businesses. The coaching and connections services will be offered alongside current loan products to complete a suite of resources (capital, coaching, and connections) that we believe small businesses require for their development [More]

Files Attached Document
Thread Capital is hiring!: Coaching and Connections Manager

Thread Capital is hiring!: Marketing and Communications Manager

Fri, 2021-04-30 13:52
From : Communities>>Open Forum
Thread Capital is seeking a marketing and communications manager to raise the organization's public profile and enhance brand awareness in order to increase the amount of capital, coaching, and connections available to small businesses who have traditionally faced barriers to accessing resources. Thread Capital is a North Carolina-based nonprofit organization and certified Community Development Financial Institution (CDFI) that is a subsidiary of the NC Rural Center. Thread specifically focuses on [More]

Files Attached Document
Thread Capital is hiring!: Marketing and Communications Manager

RE: Concerned about the conversion rate of online loan applications

Fri, 2021-04-30 09:56
From : Communities>>Open Forum
Hello Ms. Rodriguez, I hope you are well. I understand and empathize with your concern. As someone who has worked with consumers on the for profit and non profit side of finance off and on for the last 20 years, I can tell you that this is an occupational hazard that all of us experience. As consumers seek to maximize their options with regard to lending, they will "shop" loans from several lenders, completing applications in multiples spaces and then choosing which one to go with based on the [More]

RE: Micro-equity?

Thu, 2021-04-29 17:39
From : Communities>>Open Forum
Thanks Manuel, my email is b.okoyeze@hbdi.org ------------------------------ Benneth Okoyeze Portfolio Manager Houston Business Development, Inc. Houston 713-845-2442 ------------------------------

RE: Micro-equity?

Thu, 2021-04-29 17:33
From : Communities>>Open Forum
Beneth we are trying to get a Zoom call ready for next week. If you can share your email I can send the details your way! Best. --- Manuel Costa | Executive Staff Self-Help Credit Union & Ventures Fund CIC Miami, 1951 NW 7th Ave #600, Miami FL 33136 Mob. 919 450 7088 Want to set up a meeting? Go ahead: Bookings

RE: Micro-equity?

Thu, 2021-04-29 17:22
From : Communities>>Open Forum
We are a CDFI out of Houston Texas and we are just exploring this initiative. Is there any information you can share as we continue to explore this program. I am Benneth Okoyeze, Portfolio manager of Houston Business Development, Inc. Thank you ------------------------------ Benneth Okoyeze Portfolio Manager Houston Business Development, Inc. Houston 713-845-2442 ------------------------------

Advancing Communities Podcast: Impact Jobs - CDFIs 101 for Young Professionals

Thu, 2021-04-29 14:04
From : Communities>>Open Forum
Each month, Cinnaire's  Advancing Communities Podcast brings together our Chief Strategy Officer, Jim Peffley, with thought leaders, policy makers and others who are making an impact in the community development and affordable housing industries. Our guests share their experiences and perspective on a range of topics, each supporting the belief that all people deserve the opportunities provided by living in healthy communities. In this episode, Jim sits down with a panel to discuss CDFIs 101 , [More]

OFN 2021 Event Schedule

Thu, 2021-04-29 13:31
From : Communities>>Open Forum
Hi all,  OFN just announced our 2021 virtual event schedule and call for sessions for these events! 2021 OFN Virtual Conference The 37th annual  OFN Conference on October 18-21 will feature thought-provoking plenaries, informative breakout sessions, and time to connect with peers and others in the CDFI industry. The theme - "Finance Justice. Finance Change." - expands on last year's "Finance Justice" theme to highlight how CDFIs drive change. We encourage all staff at CDFIs, and all impact-oriented [More]

RE: Automated title rundown recommendations

Thu, 2021-04-29 11:14
From : Communities>>Open Forum
I'm curious to hear what you learn. Please share with us when you find something ------------------------------ Jason Gabbard CEO Jason Gabbard New York NY 888-587-8187 ------------------------------

Concerned about the conversion rate of online loan applications

Thu, 2021-04-29 09:38
From : Communities>>Open Forum
Hi All, Recently, I have noticed a higher than normal percentage of applicants, who complete the portion of the application that we have online, who apparently never had any intention of moving forward with the application. I say apparently for when we reach out to them (within 24 hours of them submitting the application) they fail to return calls, respond to emails and they never call us to determine the status of their application. It's like they never intended to apply but yet they fill out the [More]

Automated title rundown recommendations

Wed, 2021-04-28 11:35
From : Communities>>Open Forum
Hello, I am looking for an automated title rundown for our 2nd and latter position home improvement loans. We have CalyxPoint LOS with DocMagic. We also use Avantus for credit inquiries and flood certs.; all of which interface with Point. Does anyone have any good recommendations and approx. ballpark pricing of service? Currently doing this manually in-house and looking at cost vs. reward. Thx, Lora Lora A. Baldracchi Loan Fund Director Worcester Community Housing Resources, Inc. Lender NMLS [More]

CDFI Fund Releases Small Dollar Loan Program NOFA

Wed, 2021-04-28 09:29
From : Communities>>Open Forum
The CDFI Fund has opened the first funding round for the Small Dollar Loan Program. The Notice of Funding Availability (NOFA) will be published in the Federal Register on April 29th, but an unpublished draft is available here .  The Small Dollar Loan Program funds will be awarded as grants for Loan Loss Reserves (LLR) to enable a CDFI to establish a loan loss reserve fund in order to defray the costs of a small dollar loan program established or maintained by a CDFI and as grants for Technical Assistance [More]

RE: Micro-equity?

Tue, 2021-04-27 12:16
From : Communities>>Open Forum
Hi all - so cool that we've got practitioners wading into these waters.  I will be reaching out to those that have implemented or are planning to implement a micro-equity initiative to set up a call to compare notes. We'll then distribute the findings to the group. Thanks! ------------------------------ Jason Friedman CEO Friedman Associates (319) 341-3556 jasonj@friedmanassociates.net www.friedmanassociates.net ------------------------------

RE: Micro-equity?

Tue, 2021-04-27 11:52
From : Communities>>Open Forum
HI Jason--replying to this thread here as well. We have a micro equity product $25k-$50k tied to our early stage accelerator. I'd be happy to speak to you or have a discussion with everyone on this thread about why we moved forward with the product and how it's different than the go fund me's of the world. ------------------------------ Allison KellyICA Fund Good Jobs ------------------------------

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