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Rising Tide Community Loan Fund
1337 E 5th StBethlehem PA, 18015-2103
CDFI Awards for Rising Tide Community Loan Fund
FA (2006) - $162,133
The Rising Tide Community Loan Fund is a certified CDFI established in 2001. RTCLF provides working capital loans, lines of credit and medium and long-term loans and business training to Low-Income entrepreneurs in Lehigh and Northampton counties in Eastern Pennsylvania. The $125,000 Financial Assistance Award will enable RTCLF to provide development services and expanded technical assistance to borrowers and potential borrowers; and make more and larger loans through the capitalization of their loan fund. The $37,133 Technical Assistance Award will enable RTCLF to improve its operations by hiring a new Outreach Coordinator and providing training for Board and staff through attendance at industry conferences.
TA (2004) - $25,500
Rising Tide Community Loan Fund will use the award to obtain consulting services to design a capitalization strategy, and computer technology for its staff.
SECA (2002) - $132,000
The Awardee proposes to use the financial assistance award to seed its loan fund. The technical assistance award will support a market study and will provide training for the Awardee"s Board and staff.
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