Birmingham, AL – May 5, 2016 - TruFund Financial Services celebrates National Small Business Week by recognizing the hard work of local small businesses, especially women-owned businesses in Alabama. The organization has seen an increase in the number of women and minority-owned contracting firms in Alabama over the past several months.

“We are excited about the opportunity to help Alabama businesses with access to capital, thus increasing their ability to compete in the market, said Norman Davis, Vice President and Managing Director of TruFund’s Alabama Office. “Investing in women-owned small businesses yields positive, community-wide growth. These hardworking small business owners should be recognized not only this week, but every day.”

“The working capital I received from TruFund enabled me to complete my projects on time, within schedule and budget.” Said L’Tryce Slade, owner of Slade Land Use, Environmental, and Transportation Planning, LLC. “Due to the nature of my business, I may have multiple short-term projects in multiple states.  With a TruFund mobilization loan, I was able to employ 24 contractors and complete three projects without worrying about meeting payroll and other expenses before the projects were complete.”

With offices in Alabama, Louisiana and New York, TruFund has remained a strong advocate for small business owners over the past two decades. Through TruFund’s various programs and initiatives, the organization has been able to successfully assist thousands of small businesses in Alabama alone.

“Being a minority small business owner, we face many obstacles with access to capital and it is very hard for us to obtain working capital,” said LaKesha Freeman-Reynolds, CEO of TNF, Inc., a Birmingham based construction company.  “TruFund has filled the gap for us and allowed us to hire new employees. Without TruFund and its alternative financing, we would not be able to bid on the larger projects.”

“Small businesses are an integral part of sustaining our financial eco-system in our local communities,” said James H. Bason, President and CEO of TruFund Financial Services. “National Small Business Week provides us the opportunity to recognize those efforts. Here at TruFund, providing small businesses with the opportunity to grow, sustain and create jobs is our highest priority.”

National Small Business Week began on Sunday, May 1, 2016 and will end on Sunday, May 7. During this time, the entire country is encouraged to support local small businesses.



About TruFund Financial Services
TruFund Financial Services, Inc. is a wholly independent national non-profit Community Development Financial Institution (CDFI). TruFund seeks to stimulate economic development in communities that are underserved by traditional banking institutions by providing fair and accessible capital, hands-on technical assistance and innovative solutions to small businesses and nonprofit organization