March 2011

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Community First’s Loan Fund Hits a Milestone

Since the beginning of Community First Fund in 1992, the organization has made 907 loans and has reached $40.2 million in loan capital put into businesses and communities.  These loans have created 3,408 jobs, 563 affordable housing units and enables more than 1,000,000 square feet of commercial development.

Community First Fund has National Impact

The U.S. Small Business Administration is widening its loan guarantee program thanks in part to the testimony of CFF President and CEO Dan Betancourt.  In December the SBA announced a pilot program called Community Advantage that would extend its 7(a) loan guarantee program to qualified community non-profit- organizations who are not overseen by federal and state regulators.  By doing this the SBA is reaching out to underserved communities and expanding its volume of smaller scale loans.  In July 2010 Dan Betancourt was part of a panel that spoke before the Federal Reserve on improving small business access to credit.  Community Advantage is expected to be in place this Spring.

 

 

Save the Date!

 Thanks to everyone who made the 2010 Friends of the Fund Luncheon such a great success.  We are pleased to announce the 2011 Friends of the Fund Luncheon is scheduled for Friday, November 4th, at the Lancaster Marriot at Penn Square.  The Networking Reception will begin at 11am and Lunch will be served at noon.  The keynote speaker for the event is Robert Egger, Founder and President of the D.C. Kitchen.  Email marketing@commfirstfund.org for information or Sponsorship Opportunities for the 2011 Friends of the Fund event.