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NYC Black Entrepreneurs: Barriers, Challenges and Opportunities
Black Businesses in New York City face unique challenges, miss out on many city and state contract opportunities and are left out of Covid relief programs.
Woodborn Partners Receives Equity Investment from TruFund’s Impact Developers Fund for Project Development
TruFund Financial Services, Inc. (“TruFund”), a Community Development Financial Institution located in New York City today announced that it has made an equity investment in Woodborn Partners, LLC, a Black-owned real estate development firm headquartered in Detroit, MI. Woodborn Partners specializes in financing, developing and operating mixed-income and affordable residential projects. The preferred equity investment […]
TruFund Financial Services, Inc. Announces Its Participation In The Social Justice Fund EXCELerate, New Loan Program to Help Brooklyn’s BIPOC Small Business Owners Get on their Feet Post-Pandemic; Gregg Bishop Appointed as Executive Director
Brooklyn, NY – TruFund Financial Services, Inc. has been selected as one of two community development financial institutions, along with Brooklyn Alliance Capital and Brooklyn Chamber of Commerce to unveil a series of loans to help Brooklyn’s BIPOC business owners get back on their feet post-pandemic and support equitable economic momentum in Brooklyn, the Foundation’s […]
TruFund is Making a TruImpact
2020 Paycheck Protection Program Impact Report TruFund Financial Services, Inc. released its Paycheck Protection Program Impact Report to provide a comprehensive summary of TruFund’s penetration and outreach efforts to minority- and women-owned small businesses to deploy the Small Business Administration’s Paycheck Protection Program (PPP). Download report “The PPP loan secured through TruFund allowed […]
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Genesis Companies Receives Equity Investment from TruFund’s Impact Developers Fund to Expand Capacity
TruFund Financial Services, Inc. (“TruFund”), a Community Development Financial Institution located in New York City, today announced that it has made an equity investment in Genesis Companies, LLC (Genesis), an African American-owned full-service real estate development firm that specializes in financing, developing and operating mixed-income and mixed-use residential projects in New York and New Jersey. The preferred equity […]
TruFund Hosting TruImpact Virtual Summit to Celebrate 15th Anniversary
Summit will celebrate the company’s 15 years of community and small business impact across its footprint TruFund Financial Services, Inc. announced today that it will host the TruImpact Virtual Summit on March 24 from 11 a.m.–1 p.m. EST/10 a.m.–12 Noon CST. During the virtual summit, TruFund will celebrate 15 years of community and small business […]
TruFund Receives $1M Grow with Google Small Business Fund Loan, $150K Google.org Grant to Help Small Businesses Recover From COVID-19
Opportunity Finance Network (OFN) has awarded TruFund Financial Services, Inc. a $1M Grow with Google Small Business Fund loan and an unrestricted $150K Google.org-funded grant to help the CDFI support minority- and women-owned businesses March 8, 2021 — NEW YORK — TruFund Financial Services, Inc. has received a $1M Grow with Google Small Business Fund […]