TruFund and Economic Development Administration Partner To Offer Low Cost Loans

New Orleans, LA – September 7, 2022 – TruFund Financial Services, Inc. (TruFund) a Community Development Financial Institution (CDFI), today announces partnership with the Economic Development Administration to offer low-cost loans to small business owners in targeted geography.

TruFund is now accepting applications for its Back To Business Loan Sale for small business owners located in Texas (Dallas/Fort Worth); Louisiana (Shreveport and North Louisiana parishes) and (Baton Rouge and surrounding parishes).  The back to business loan sale features a 2.5% interest rate, no loan origination fees and no application fees.  The campaign is aimed at giving small businesses a boost to GET BACK TO BUSINESS post COVID-19 challenges.  To apply, business owners must first submit inquiry form to TruFund.  Qualifying business owners will be moved to the application process.

“While we won’t be able to help all small businesses through this back to business loan sale, it is our desire to support as many as we can.” said Dr. Kim Carter Evans, Vice President | Managing Director for TruFund Financial Services, Inc. “Entrepreneurship is a key driver of prosperity and community resiliency in the U.S.;   and we recognize more can be done to create conditions in which small business owners and entrepreneurs will not just survive but thrive.”

“We are confident that by offering these low cost loans and continuing to promote capital access, we will provide a boost that so many business owners need as they continue to rise above the challenges COVID-19 presented them with and get back to business.” said James H. Bason, President & CEO of TruFund Financial Services, Inc.  “This partnership with the Economic Development Administration enhances our ability to have long lasting impact on the small businesses we serve.”

Business owners in qualifying geography must act fast.  Funds are limited.