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Charter Facilities Funding, LLC
Clarksville MDCDFI Awards for Charter Facilities Funding, LLC
NMTC (2008) - $20,000,000
Charter Facilities Funding, LLC (CFF) will provide loans, investment, and financial services through strategic loan origination and financing alliances with key lending institutions, to support small and medium sized businesses (non-real estate for profit and non-profit entities) in distressed communities nationwide, which traditionally have very poor access to capital. Products include a micro-loan program, predevelopment and gap loans, and SBA Section 504 equivalent commercial and industrial loans for small and medium sized businesses. The NMTC allocation will enable CFF to provide terms that are more flexible to borrowers, such as below market interest rates, lower origination fees, longer interest-only loan payment periods and non-traditional forms of collateral.
NMTC (2003) - $50,000,000
Charter Facilities Funding, LLC will offer predevelopment loans that convert to equity if a project does not move forward, and gap financing to "save" projects that have maximized outside financing but still have a shortfall relative to project cost, allowing the applicant to serve more severely distressed communities.
Other Community Development Financial Institutions in Maryland
Advance Bank
Baltimore
Baltimore Community Lending, Inc.
Baltimore
CDF Development, LLC
Baltimore
Charter Facilities Funding, LLC
Clarksville
Community Development Ventures, Inc.
Baltimore
Development Credit Fund, Inc. (DCF)
Baltimore
ESIC New Markets Partners, LP
Columbia
Faith Fund, Inc.
Baltimore
First Combined Community Federal Credit Union
UPPER MARLBORO
Harbor Bankshares Corporation
Baltimore
Maryland Capital Enterprises, Inc.
Salisbury
McAuley Institute
Silver Spring
Mid-City Community CDE, LLC
Bethesda
Native American Capital, LP (NAC)
Silver Spring
Urban Research Park CDE, LLC
Hunt Valley
Featured Government Grant Resources
Minority Business Enterprise Centers for Minority-Owned Businesses
The The Minority Business Development Agency has recently constituted the Minority Business Enterprise Centers (MBEC) Program wherein it aims to support minority-owned businesses by providing them with electronic and one-on-one business development services for a reasonably nominal fee.
Historically Underutilized Business Zones - HUBZone Empowerment Contracting Program
The Small Business Administration has established the Historically Underutilized Business Zones (HUBZone) Empowerment Contracting Program wherein they aim to provide federal contracting assistance to eligible small business corporations which are located in underutilized business zones so as to improve their employment opportunities, investments, and their area's economic development.
Social Entrepreneurship
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New Vineyard Philanthropy Group Supports Island Youth
MVYouth, a newly formed Vineyard philanthropy group with a mission to support Island youth, will pledge $4 million over the next four years to a diverse set of youth causes.
