Author Archives:
The Power of Responsible Lending: Creating Long-Term Success for Small Businesses
By OC Isaac, Senior Vice President | Chief Lending Officer Small businesses are the backbone of our economy, driving innovation, creating jobs, and fostering economic growth in communities nationwide. Yet, for many entrepreneurs, access to capital remains one of the biggest challenges. While financing is essential for growth, the type of financing a business secures […]
TruFund Financial Services, Inc. Appoints Deirdra Cox to Board of Directors
FOR IMMEDIATE RELEASE TruFund Financial Services, Inc. Appoints Deirdra Cox to Board of Directors NEW YORK, NY – March 24, 2025 – TruFund Financial Services, Inc. is pleased to announce the appointment of Deirdra Cox to its Board of Directors. A distinguished leader in community development, financial literacy, and small business advocacy, Cox brings nearly […]
TruFund Financial Services, Inc. Appoints Hilda Abbott to Board of Directors
FOR IMMEDIATE RELEASE TruFund Financial Services, Inc. Appoints Hilda Abbott to Board of Directors NEW YORK, NY – March 24, 2025 – TruFund Financial Services, Inc. proudly announces the appointment of Hilda Abbott to its Board of Directors. An accomplished entrepreneur, real estate expert, and advocate for diversity in business, Abbott brings more than 23 […]
TruFund Financial Services Expands TruAccess Program to Strengthen Small Business Participation in NYC’s Supply Chain
FOR IMMEDIATE RELEASE TruFund Financial Services Expands TruAccess Program to Strengthen Small Business Participation in NYC’s Supply Chain New York, NY – March 12, 2025 – TruFund Financial Services, Inc., a leading Community Development Financial Institution (CDFI), is proud to announce its participation in the latest round of grants awarded by the New York Small […]
Factoring and Predatory Lenders: Protecting Your Business from Costly Pitfalls
By Michael Vaugh, Senior Vice President | Chief Credit & Compliance Officer, TruFund Financial Services Access to working capital is the lifeblood of small businesses. Whether you’re covering payroll, investing in new equipment, or managing day-to-day operations, cash flow is king. One financing option that many business owners turn to is factoring—selling outstanding invoices to […]
Looking for Equity to Acquire a Business? Try NMTCs.
By Monica Edwards, Senior Vice President | Director of New Markets Tax Credit For many aspiring entrepreneurs and business owners, acquiring a business is a significant financial hurdle. Traditional financing options may not always be accessible, particularly for small business owners in underserved communities. However, one often-overlooked solution exists: New Markets Tax Credits (NMTCs). The […]
