Federal Home Loan Bank of Chicago的动态

Accion Opportunity Fund invested $628 million into 16,500+ small businesses across California, Texas, Florida, Georgia & New York. The impact of our nonprofit loans extended far beyond the immediate borrowers. ?? Here's how: https://lnkd.in/eKwnB49t. #smallbusinesslending #CDFI #nonprofitlending #financialinclusivity #microloans

?? Resource alert for anyone involved in funding a CDFI loan program for BIPOC small business owners: The California Small Business Coalition for Racial Justice (“the Coalition”), a collaboration of 20 community development lenders and nonprofits with expertise in working with BIPOC-owned small businesses in low-income communities in California, recently published a lending guide that uses a racial equity approach. The Coalition is hosted by 2024 SBAN Case Study Awardee, Mission Economic Development Agency (MEDA), and includes other SBAN members like the CDFI, Inclusive Action for the City. Summary: "How can it help you? This Playbook shares our Racial Equity Lens (REL) underwriting principles and explains how they break from the traditional 5Cs of credit. It also presents Coalition members’ different pilot programs that follow our model of the 4Cs of credit." ?? Read the full report: https://lnkd.in/gZcum9EU

Community win for Santa Cruz County, California! Last week, LIIF’s Pam Berkowitz (photo, fourth from right) took part in the groundbreaking of Bluffs at 44th in Capitola. Our #CDFI partnered on this impactful deal that will bring 36 units of #affordablehousing to Santa Cruz County by next year. We are excited that those in the 30%-50% Area Median Income level will call Bluffs at 44th home, with nine two-bedrooms and 12 three-bedrooms offering families the room they need.? ? For this transaction, LIIF provided a secured $3.5 million acquisition loan and a $750,000 unsecured predevelopment loan. Additionally, the Golden State Acquisition Fund – a state collaborative of eight CDFIs for which LIIF serves as loan administrator – provided $885,875, which was 25% of the acquisition loan. This enabled a higher loan-to-value of 95%.?? California Department of Housing & Community Development ? #CDFIs #lending #lendingsolutions #communitydeveopment

Student debt is weighing on many.?It is great to see that Cal Nonprofits is conducting this survey to advocate for our sector. Please complete the survey and share it with those with debt so we can get an accurate snapshot. #StudentDebt #Nonprofits #SiSePuede

Insight and thoughts on commercial loans and the potential to obtain working capital. Most businesses begin the budgeting process in the 4th quarter each year, looking to determine capital expenditures, expense reduction and achieving continued growth. 5 Tips for Businesses to Build Strong Credit | Smart Credit Strategies (easternbank.com)

Help us assess the impact of student debt on the California nonprofit sector and the extent to which employers are offering/aware of the Public Service Loan Forgiveness program. Take our survey, for both employers & employees https://lnkd.in/gUQwtPPY #studentdebt #PSLF #nonprofitleadership #nonprofitmanagement

Things your advisor should ask to see: - Tax Returns - Estate Planning Docs - Employee Benefits Booklet - Charitable Giving Plans/Information - Debt Statements (mortgage, credit card, student loans, etc.) If all your advisor does is investments or insurance. You may want to consider a new advisor.

Your business is unique, so why shouldn't your financing be? DreamSpring's Power Line of Credit is customized to your specific needs. Access funds, build credit, and watch your dreams take flight! ?? Learn more: #PowerLineOfCredit #SmallBusinessLoan #AccessToCapital #SmallBiz #SmallBusinesses #DreamSpring #Microlending #BusinessOwners #SmallBusinessOwners #Microloans #SmallBusinessLoans #Nonprofit

Was your business affected due to the collapse of the Key Bridge? Gov. Wes Moore has provided a few business and employee relief programs to support the economic recovery as Baltimore and Maryland rebuilds. Port of Baltimore Emergency Business Assistance Program (Applications Open 4/22): Provides grants up to $100,000 to eligible businesses which have had operations impacted or shipments disrupted at the Port of Baltimore. https://lnkd.in/e8hJig_J Neighborhood BusinessWorks Loans and Grants (Applications Open 4/22): The Small Business Grants Program will offer grants up to $50,000 to small/main street level businesses within a five mile radius of the Key Bridge and the Business Loan Program will offer loans up to $500,000 to businesses impacted by the Key Bridge collapse or reduction in Port activity statewide. https://lnkd.in/eXwKgdXh Port of Baltimore Worker Retention (Applications Open Now): Entities eligible for up to $200,000 in grant funding include businesses which employ up to 500 workers, unions, trade associations, and organizations that have seen operations hindered by or completely halted due to the Port slowdown. Up to $7,500 can be spent per worker on wages or other support. https://lnkd.in/eQSgAmBz #baltimorebusinesses #keybridge #recovery #baltimorefunding

Did you know? There are grants, loans, and tax credits for accessibility modifications...... Far too often, I learn that the relatively moderate cost of home safety modifications is still too high for our moderate and low-income seniors. Our Little Deeds offers WiseTack financing with low or even no interest for the first few months.? Compared to your credit cards, Wisetack is a great option. But what if even that is too much? Thankfully, grants, low-interest loans, forgivable loans, and tax credits are available for home modifications. However, the process of finding and applying for these resources can be daunting: First, you have to be aware that they even exist. Second, you need to know how to apply for them. And third, navigating the application process itself can be complex. That's where our Little Deeds steps in! With our fundraising and nonprofit background, we're equipped to help you identify the funding source that might be best for your situation,? assist you in locating the funding source, and help you with the application itself. Name a handyman who can do that! I'm waiting........ Instead give me a call, text, or email if you'd like to learn more about what's available for your or your family members particular home safety needs. Little Deeds is here to help you make your space safe and accessible without breaking the bank. 410-450-4466.?<a href="mailto:[email protected]">[email protected] #wisetack #grants #loans #homesafety #taxcredit #SeniorCare #FinancialSupport #Accessibility #LittleDeeds