Dakota Business Lending的动态

Wondering what type of Community Reinvestment Act (CRA) credit your organization can receive through Scale Link? Scale Link has been designed to comply with official regulatory rules and guidance related to the Community Reinvestment Act (CRA). The primary purpose of the fund is to promote economic development through direct investments in CDFIs. Loan participations assigned from Scale Link count as retail small business loans. Donations made to Scale Link will count as qualified investments. To learn more about small business loan participations and the new CRA rule, read our white paper here: https://lnkd.in/eHHvgpZ7 Let's continue making a positive impact together! ?? #CommunityDevelopment #CRA #ImpactInvesting #EconomicEmpowerment

Wondering what type of Community Reinvestment Act (CRA) credit your organization can receive through Scale Link? Scale Link has been designed to comply with official regulatory rules and guidance related to the Community Reinvestment Act (CRA). The primary purpose of the fund is to promote economic development through direct investments in CDFIs. Loan participations assigned from Scale Link count as retail small business loans. Donations made to Scale Link will count as qualified investments. To learn more about small business loan participations and the new CRA rule, read our white paper here: https://lnkd.in/eHHvgpZ7 Let's continue making a positive impact together! ?? #CommunityDevelopment #CRA #ImpactInvesting #EconomicEmpowerment

Have you heard about the NAR Settlement and are a bit anxious about it? Here are some of our unique loan programs that may help you save the money you're concerned about, or just save money, in general! Reach out to learn more about these programs or have questions on what the #NARsettlement is. #CMGhomeloans #HomeFundIt #AllInOneLoan #ListAndLock #RateRebound #MortgageRates #downpaymentassistance

Have you heard about the NAR Settlement and are a bit anxious about it? Here are some of our unique loan programs that may help you save the money you're concerned about, or just save money, in general! Reach out to learn more about these programs or have questions on what the #NARsettlement is. #CMGhomeloans #HomeFundIt #AllInOneLoan #ListAndLock #RateRebound #MortgageRates #downpaymentassistance

April is Financial Literacy Month! Did you know the interest on a payday loan in Kansas can be up to 391%? These exploitative practices disproportionately impact vulnerable communities, trapping individuals in cycles of debt and financial instability. Catholic Charities of Northeast Kansas helps combat these predatory practices through advocacy and our Kansas Loan Pool Project (KLPP). KLPP partners with local banks to help those with predatory loans refinance predatory loans at a lower interest rate. The immediate impact is money saved on interest and fees and a more manageable payment structure. Participants also receive financial coaching and education throughout the life of the loan. Knowledge gained?and goals accomplished lead to more long-term successes. Increased credit scores and emergency savings lead to increased financial options for future expenses, helping to break the cycle of predatory lending. #PredatoryLending #FinancialEmpowerment #FinancialJustice #FinancialLiteracyMonth https://lnkd.in/gBQU5DRh

36-day close. $3MM cash out. This group has built an impressive track record repositioning properties that aren’t operating at their highest potential. In this case, the strategy included a light value-add of $9k/door and a significant focus on operations including bringing rents up to market, reducing economic vacancy, bringing management in-house, and realizing operating efficiencies. Over a 15-month period, the new owners executed their strategy resulting in an 80% increase in monthly NRI. This new stabilized income supported a cash-out refi that covered 90% of the borrower’s all-in cost basis. Timing: The borrowers prioritized the refi. 3rds were engaged on a 1-week turn prior to receiving the official quote back from Fannie. Our closing team was able to get a head start on the lender checklist. From app signed to commitment, approval was received in 29 days. 10-year term, 5 years IO, 1.25x DSCR, 100% Mission Driven Rents. Truly a team effort moving this quickly. Thanks to the borrower team as well as Ian Diatlo, Shahzad S., Christian Broderick, Jamie Westmoreland, David Jackson, Sarah Suther, Paul Presley, Charissa Lowe, Stuart MacIlwaine, Josh Ward, MAI, Corinne Kizner, and Nora Nickel.

??COMMUNITY BANKS ARE A BIG DEAL.?? ?Typically smaller and focused on their own community they call home. ?Leading lenders to small business. ?Deposits stay in the community and help fund loans to small businesses. ?Profits stay in the community to help support nonprofits. ?Specialize in relationship banking. #CommunityBankingMonth #BankLocal #ShopLocal #FuelOpportunity

Did you know the TriUnity Foundation is the first of its kind in the credit union industry? As credit unions, we stand as the Little Man Under the Umbrella symbol, offering protection and support to members during hard times, sickness, and financial distress. The TriUnity Foundation was established to provide debt relief for credit union members facing severe financial challenges due to cancer or other terminal illness. We serve as the philanthropic arm for credit unions across the nation. By partnering with us, your members can apply for grants to cover essential payments - like housing, car loans, or credit card debt. Want to make a difference for your members? Learn how to partner with us today: https://bit.ly/3MWup0f

Is there a cost-effective way to protect estates from taxation and other risks? The wealth built over decades in an individual’s business, property and investments could potentially be reduced when an owner passes, or put at risk if a business partner passes on. Two examples: 1) If an individual does not select for an RRSP or RRIF to be transferred to a surviving spouse, they could be fully taxed. 2) If an individual’s business is a Partnership without a Partnership Agreement that has a funded buy/sell agreement, that individual hard-earned stake could potentially be at risk. What can individuals do? One possible option is to insure against such risks, thereby preserving your wealth to the benefit of your family or charitable causes. If you have investments of $1,000,000 or more, value professional advice and are not already a client of CIBC Wood Gundy, reach out to us at [email protected]

How to Manage Mortgages During a Consumer Proposal If you’re dreaming of buying a house but are struggling with the problems of recovering your finances, then this is where your questions meet the answers. Getting a house is an exciting journey. However, if you’re in the middle of a consumer proposal. https://lnkd.in/gJg4yYyd #financialadvice #debtmanagement #mortgagetips #debtrelief #personalfinance #debtfreejourney #CreditRepair #budgetingtips #creditcounseling #FinancialPlanning #moneymanagement #homeownership #financialeducation Harris & Partners Inc. CAIRP ACPIR National Foundation for Credit Counseling (NFCC) MoneySavingExpert.com StepChange Debt Charity American Bankruptcy Institute