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News, Innovations, & Results
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The JP Morgan Chase Foundation recently awarded $19 million for small business lending to five CARS™-rated CDFIs. Congratulations to ACCION Texas-Louisiana, Enterprise Cascadia, First State Community Loan Fund, Opportunity Fund, and Valley Economic Development Center! CARS™ has rated 11% of all certified CDFI loan funds, representing almost 30% of all on-balance sheet assets.
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OFN’s Financing Fund fosters opportunities for Members and other key financing partners via loans and investments that range from $100,000 to $3 million, in terms lasting from 3 to 10 years. Please refer to the Financing Fund Application before contacting Wanda Speight, Executive Vice President at OFN, to discuss your options in participating in the OFN Financing Fund.
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Financing
