Author Archives: awashington@trufund.org

TruFund Financial Services Welcomes OC Isaac as New Chief Lending Officer

FOR IMMEDIATE RELEASE  TruFund Financial Services Welcomes OC Isaac as New Chief Lending Officer New York, NY – March 20, 2025 – TruFund Financial Services, a mission-driven financial institution dedicated to fostering economic development and expanding access to capital, is pleased to announce the appointment of OC Isaac as its new Chief Lending Officer (CLO). […]

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 […]

TruFund Financial Services, Inc. Announces Dr. Kim Carter Evans as Executive Vice President | Chief Operating Officer  

January 9, 2025   FOR IMMEDIATE RELEASE   TruFund Financial Services, Inc. Announces Dr. Kim Carter Evans as Executive Vice President | Chief Operating Officer  New York, NY – January 9, 2025 – TruFund Financial Services, Inc., a leading Community Development Financial Institution (CDFI), proudly announces the promotion of Dr. Kim Carter Evans to Executive […]

TruFund Financial Services, Inc. Today Announced Stephanie Kabore Joins its Senior Leadership Team as Senior Vice President | Chief Financial Officer

New York, New York, December 2, 2024 – TruFund Financial Services, Inc. is proud to announce and welcome, Stephanie Kabore to our Leadership Team as the Senior Vice President | Chief Financial Officer.   As a member of the senior leadership team, Kabore will report directly to the Chief Executive Officer and will be responsible for overseeing […]

Empowerment Reinvestment Fund, LLC. Secures $40 Million Allocation as Part of U.S. Department of Treasury’s New Markets Tax Credit Program

Subsidiary of TruFund Financial Services Receives Prestigious Allocation, Poised to Drive Economic Growth in Low-Income Communities Nationwide, Bringing Total Allocations to $430 Million Over 12 Years FOR IMMEDIATE RELEASE New York, NY – September 20, 2024 – The Empowerment Reinvestment Fund, LLC., a subsidiary of TruFund Financial Services, is proud to announce its inclusion in […]

TRUIMPACT | Nanzaram LLC

Nade Coulibaly-Doucoure is a dynamic business owner whose journey of growth and resilience has been significantly bolstered by her strategic partnership with TruFund. With a passion for creating job opportunities and improving her community, Coulibaly-Doucoure has successfully established two thriving businesses: a janitorial cleaning service and a maintenance company specializing in painting, tile floor installation, […]

TruFund Remembers Charles Foster

January 4, 1953 – May 9, 2024 In Memory of Mr. Charles Foster It is with profound sadness that we announce the passing of Mr. Charles Foster, our esteemed Chief Financial Officer at TruFund Financial Services. Charles was a pillar of strength and wisdom within our TruFund family. His unwavering dedication, exceptional financial acumen, and […]

TRUIMPACT ANNOUCEMENT | ERF Wins Novogradac 2024 Metro QLICI of the Year Award

New York, NY – June 4, 2024 – Empowerment Reinvestment Fund, LLC (ERF), a subsidiary of TruFund Financial Services, has been awarded the Novogradac 2024 Metro QLICI of the Year Award for its work with Custom Foods of America in Knoxville, Tennessee. ERF has been recognized for its contribution to community development and economic opportunity, as […]

TRUIMPACT STORY | Diki Daycare

Diki Daycare Success Story Established in 2005, Diki Daycare Center has since become a cornerstone of early child childcare, serving families in both New York City and the Boston area. Fueled by personal experience, founder and owner Tsering Diki shares how TruFund Financial Services was a vital partner in her efforts to provide quality care […]