TruImpact Blog
Responsible Risk-Taking: How CDFIs Can Expand Access Without Compromising Credit Quality
By Michael Vaugh, Senior Vice President | Chief Credit & Compliance Officer, TruFund Financial Services Community Development Financial Institutions were created to address a persistent challenge in our financial system: many capable entrepreneurs and communities remain disconnected from the cap...
Understanding the Capital Stack: What Every Affordable Housing Developer Should Know
By Jerrel Duffy, Jr Senior Vice President | Director of Structured Lending & Investments Developing affordable housing requires more than a strong vision and an experienced team. One of the greatest challenges developers face is securing the financing needed to move a project from concept to co...
The Power of Partnerships: Reflections on Community Development, 15 Years In
By Brianna Gavigan, Senior Vice President | Director of Resource Development I’ve spent a lot of time thinking about what drives community development. Money matters. Without it, ideas stay scribbled on napkins instead of becoming businesses. Storefronts sit empty and talented entrepreneurs a...
The Financial Foundation Behind Community Impact
By Stephanie Kabore Turquin, Senior Vice President | Chief Financial Officer When people think about Community Development Financial Institutions, they often focus on the visible outcomes: the small businesses we help grow, the affordable housing developments that transform neighborhoods, and the lo...
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 financi...
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...
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...
TruFund Financial Services Celebrates Success and Honors Partners at the 2024 TruImpact Awards
TruFund Financial Services, Inc. proudly hosted its highly anticipated 2024 TruImpact Awards on October 9, 2024 at the beautiful Empire Penthouse in Manhattan, a spectacular event dedicated to recognizing the outstanding contributions of its partners, funders, investors, and the small businesses tha...
TruFund Financial Services Unveils 2023 TruImpact Report During TruImpact Week 2024 Celebrating a Year of Innovation, Impact, and Empowerment
New York, NY | October 2, 2024 – TruFund Financial Services, Inc., a CDFI leader in community development and innovative financial solutions, is proud to announce the release of its 2023 TruImpact Report during the much-anticipated TruImpact Week 2024. The annual event, a cornerstone of the organiza...
TruFund Financial Services, Inc. Hosted Small Businesses, Community Partners and More at the 2nd Annual TruImpact Golf Tournament
TruFund Financial Services, Inc. is excited to announce the success of its second annual TruImpact Small Business Golf Tournament, which took place at Chapel Hills Golf Club in Douglasville, Georgia, on October 7, 2024, as part of TruImpact Week 2024. This event is in partnership with Golf Women Mea...
