Author Archives: Kim Carter Evans

Genesis Companies Receives Equity Investment from TruFund’s Impact Developers Fund to Expand Capacity

March 25, 2021 – New York, New York – 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 […]

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  March 10, 2021 — NEW YORK — 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 […]

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 […]

Laurel Street Receives Equity Investment from TruFund’s Impact Developers Fund to Accelerate Growth

January 28, 2021 – NEW YORK – TruFund Financial Services (“TruFund”), a Community Development Financial Institution located in New York City announced that it has made an equity investment in Charlotte, North Carolina-based Laurel Street Residential, LLC, a minority- and women-owned real estate development company. Led by President and CEO Dionne Nelson, the mixed-income housing […]

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 – 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 located in […]

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 —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 […]

TruFund Partners with Build Baton Rouge For AdvancingCities Challenge

$5 million award will drive inclusive growth and greater economic opportunity in the city November 19, 2020 — 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, […]

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 […]