On East 167th Street in the Bronx, there’s a commercial corridor anchored by stops on two subway lines. Along the stretch are fresh fruit and vegetable markets, nail salons and barbershops, eye care and dental offices, hardware stores, a furniture store, bodegas, check cashers, pawnshops, and the main branch and headquarters of Spring Bank…(Read More)

Small businesses seeking loans to recover from the COVID-19 pandemic will soon have the information they need to make better borrowing decisions, thanks to the NYS Small Business Truth in Lending Act. “The NYS Small Business Truth in Lending Act will bring common-sense transparency standards to small business financing at a time when…(Read More)

The board of the NYS CDFI Coalition voted on July 21 to support the Homeowner Assistance Fund. This is part of the HEROES Act which passed the House and will be debated in the U.S. Senate soon as part of the next COVID-19 relief package. The Fund would deliver badly needed dollars…(Read More)

Saratoga Springs, NY – Strategic Response Initiatives (SRI) recently announced the launch of a small business support program aimed at helping these businesses reopen safely in response to COVID-19.  SRI’s reopening kits include strategic guidance and access to Personal Protective Equipment (PPE) supplies.  This new program from SRI is supported by the ReWire Group…(Read More)

Bloomberg Law recently posted an article titled “Community Development Lenders Push for Larger Role in Virus Aid.” Archana Pokhrel, owner of Lenox Spa and Nails in Manhattan, doesn’t know when customers will return for the hands-on beauty treatments that stopped when the Covid-19 pandemic struck earlier this year.Bloomberg Law: June 4…(Read More)

The President of NYS CDFI Coalition, Linda MacFarlane, serves as Executive Director of the Community Loan Fund of the Capital Region, certified as a CDFI in 2013. She recently wrote a commentary for the Albany Business Review, in which she said: “During the last two months, we have heard from business owners who are scared…(Read More)

Call on Senate Banks Committee to Advance S. 5470 ALBANY, NY – May 26, 2020 – As portions of New York State begin to reopen during the Coronavirus pandemic, community development organizations are supporting legislation that will help small businesses recover. The NYS Community Development Financial Institutions (CDFI) Coalition represents the institutions that make innovative…(Read More)

Community Loan Fund of the Capital Region and Local Coalition Announce First Round of COVID-19 Grant Recipients Albany – The Community Loan Fund of the Capital Region, along with our funding partners, are proud to announce the first round of grant recipients today. These small businesses applied for and were approved for the COVID…(Read More)

Support S. 5470A

Make Small Business Loans more Fair, Affordable and Transparent As regions across New York State begin to “reopen,” we’re glad that New York’s lawmakers have already introduced legislation that will help small businesses recover from the COVID-19 crisis.  The NYS Truth in Lending Act will bring common-sense transparency standards to…(Read More)

“We’ve got to get to some level of equality – we are one of the most unequal societies even though we’re among the wealthiest. We’ll work together to make that happen…(Read More)

Spring Bank is a force for good in Bronx, Harlem

July 29, 2020

On East 167th Street in the Bronx, there’s a commercial corridor anchored by stops on two subway lines. Along the stretch are fresh fruit and vegetable markets, nail salons and barbershops, eye care and dental offices, hardware stores, a…

(Read More)

CDFIs Back Homeowner Assistance Fund

July 21, 2020

The board of the NYS CDFI Coalition voted on July 21 to support the Homeowner Assistance Fund. This is part of the HEROES Act which passed the House and will be debated in the U.S. Senate soon as…

(Read More)

Upstate firm helps small businesses with PPE Reopening Kits

June 15, 2020

Saratoga Springs, NY – Strategic Response Initiatives (SRI) recently announced the launch of a small business support program aimed at helping these businesses reopen safely in response to COVID-19.  SRI’s reopening kits include strategic guidance and access to Personal…

(Read More)

CDFIs Poised to Aid Recovery

June 5, 2020

Bloomberg Law recently posted an article titled “Community Development Lenders Push for Larger Role in Virus Aid.” Archana Pokhrel, owner of Lenox Spa and Nails in Manhattan, doesn’t know when customers will return for the hands-on beauty treatments…

(Read More)

We Need Small Businesses, They Need Our Support

June 2, 2020

The President of NYS CDFI Coalition, Linda MacFarlane, serves as Executive Director of the Community Loan Fund of the Capital Region, certified as a CDFI in 2013. She recently wrote a commentary for the Albany Business Review, in which she…

(Read More)

Albany CDFI Makes Small Business Continuity Grants

May 21, 2020

Community Loan Fund of the Capital Region and Local Coalition Announce First Round of COVID-19 Grant Recipients Albany – The Community Loan Fund of the Capital Region, along with our funding partners, are proud to announce the first round…

(Read More)

Support S. 5470A

May 14, 2020 Make Small Business Loans more Fair, Affordable and Transparent

Make Small Business Loans more Fair, Affordable and Transparent As regions across New York State begin to “reopen,” we’re glad that New York’s lawmakers have already introduced legislation that will help small businesses recover from the COVID-19…

(Read More)

Sen. Schumer Briefs NYS CDFIS

May 13, 2020

“We’ve got to get to some level of equality – we are one of the most unequal societies even though we’re among the wealthiest. We’ll work together to make that happen…

(Read More)
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