Author Archives: Kim Carter Evans

TruFund Launches Industrial Business Leadership Program in Hunts Point

Program will support the strength and resiliency of industrial small businesses in the Hunts Point Peninsula January 8, 2021 – New York, New York – TruFund Financial Services, Inc. is launching a robust six-month program called the Industrial Business Leadership Program (IBLP) to support the strength, resiliency, and long-term growth potential of industrial small businesses […]

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 our agency […]

TruFund President & CEO James H. Bason featured in American Banker article

CDFIs plug tech holes to close wealth gaps Nov. 19, 2020 “The staff was working a herculean effort to get those small-business loans processed. We had loan officers, underwriters, credit people, people from other markets, even some non loan officers helping us close the loans. We got it done, but the realization was that we […]

TruFund Releases 2020 Paycheck Protection Program Impact Report

 PPP lending provided overwhelming assistance to minority- and women-owned small businesses December 15, 2020—New York, New York—Today, TruFund Financial Services, Inc. released its Paycheck Protection Program Impact Report. This report provides 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 […]

TruFund Partners with Build Baton Rouge For AdvancingCities Challenge

$5 million award will drive inclusive growth and greater economic opportunity in the city Baton Rouge, Louisiana—TruFund Financial Services, Inc. is partnering with Build Baton Rouge on a $5 million charitable initiative to revitalize North Baton Rouge. Build Baton Rouge, the redevelopment authority for Baton Rouge’s consolidated city-parish government, plans to use its award, received […]

TruFund Financial Services, Inc. among recipients of $35 million New Markets Tax Credit Award from U.S. Department of Treasury Community Development Financial Institutions Fund

FOR IMMEDIATE RELEASEJuly 16, 2020 Media Contacts:Kim Carter Evans646.385.6946Kevans@trufund.org $3.5 Billion in New Markets Tax Credits Awarded to Spur Economic Growth Nationwide New York, NY – July 16, 2020 –TruFund Financial Services, Inc. announces today, it has been selected by the Community Development Financial Institutions Fund’s (CDFI Fund) to receive $35 million in New Market Tax […]

Morgan Stanley, TruFund Financial Services and Ford Foundation Announce Launch of $26 Million Impact Developers Fund

Fund will provide capital to minority and women owned real estate development companies NEW YORK – Morgan Stanley, TruFund Financial Services and the Ford Foundation today announced the launch of the Impact Developers Fund. The $26 million fund will provide much needed capital to emerging impact businesses that lack access to adequate affordable capital, including […]

TRUFUND LAUNCHES $5 MILLION COVID-19 RELIEF FUND TO SUPPORT DISADVANTAGED MINORITY AND WOMEN OWNED BUSINESSES

New York, NY – April 7, 2020 Today, TruFund Financial Services, Inc. launches a $5 million small business emergency relief fund to help curb job loss and permanent business closure as a result of COVID-19.  The fund aims to help at least 3,000 disadvantaged firms with loans, grants, resiliency training and one to one business […]

TRUFUND FINANCIAL OFFERS SUPPORT TO SMALL BUSINESSES AFFECTED BY COVID-19 PANDEMIC

FOR IMMEDIATE RELEASE March 19, 2020 Media Contacts: Kim Carter Evans 646.385.6946 Kevans@trufund.org New York, NY –TruFund Financial Services, Inc., a Community Development Financial Institution announces the launch of its’ Small Business COVID-19 Response Task Force “SBCOVID-19 Task Force;” virtual information sessions and virtual small business resiliency training to help support small businesses through the […]

TRUFUND OFFERS GROWTH AND RESILIENCY PROGRAM WITH SUPPORT FROM U.S. ECONOMIC DEVELOPMENT ADMINISTRATION

New York, NY – The U.S. Commerce Department’s Economic Development Administration (“EDA”) has announced a $800,000 grant to TruFund Financial Services, Inc., to help support its Hunt’s Point Growth and Resiliency Program in New York. “I am proud to have supported TruFund Financial Services in their quest to deliver a program designed to support the […]