22365 Barton Road Suite 304
Grand Terrace, CA 92313
Phone: (909) 915-1706
Fax: (909) 752-3140
Contact Person: Hilda Kennedy, Founder / President
Area Served: CA
Organization Type: Loan Fund
Lending Type: Business
AmPac finances and fosters small business success at all stages of growth to make communities better and families stronger
Member Since: 2019
229 Peachtree Street
Suite 705
Atlanta, GA 30303
Phone: 404.522.2637
Fax: 404.523.4357
Contact Person: John O'Callaghan, President & CEO
Area Served: GA
Organization Type: Loan Fund
Lending Type: Housing
Established in 1991, Atlanta Neighborhood Development Partnership (ANDP) is a leading advocate for the development and preservation of affordable housing in the greater metropolitan Atlanta region. The ANDP Loan Fund (Previously known as Community Redevelopment Loan & Investment Fund) provides financing to nonprofit and for-profit housing developers that create affordable housing, mixed income, and mixed-use projects. Since inception, the ANDP Loan Fund has loaned over $40 million to help finance nearly 5,300 units of affordable or mixed-income single-family and multi-family housing. The majority of funded units target families earning below 80 percent of Area Median Income, providing a tremendous opportunity to uplift low– and moderate-income families. We currently prioritize projects related to foreclosure redevelopment and neighborhood stabilization in the 10-county metropolitan Atlanta region. To meet these community development capital needs, the ANDP Loan Fund currently offers predevelopment, acquisition, construction, bridge, and mini-perm financing.
Member Since: 2015
110 Peppers Ferry Road NW
Christiansburg, VA 24073
Phone: 202.547.5155
Fax:
Contact Person: Donna Gambrell, President & CEO
Area Served: AL, GA, KY, MD, MS, NC, NY, OH, PA, SC, TN, VA, WV
Organization Type: Loan Fund
Lending Type: Business
Appalachian Community Capital was created in 2013 to increase small business lending by providing underserved communities with new sources of capital.
Member Since: 2017
5034 Bobby Hicks Hwy
Suite 2
Gray, TN 37615
Phone: (423) 230-2618
Fax: 423.230.2618
Contact Person: Angela Free, Controller
Area Served: KY, TN, VA
Organization Type: Credit Union
Lending Type: All
Appalachian Community Federal Credit Union (ACFCU) is dedicated to providing community and economic development to underserved individuals and businesses that lack adequate access to capital, high quality financial services, and financial counseling in its service areas of East Kentucky, Northeast Tennessee and Southwest Virginia.
Member Since: 2017
35 Public Square
Nelsonville, OH 45764
Phone: (740) 391-3518
Fax: (740) 753-3333
Contact Person: Brad Blair, Executive Vice President
Area Served: OH
Organization Type: Loan Fund
Lending Type: Business, Microenterprise
Appalachian Growth Capital, LLC (AGC) builds enduring, widely-shared prosperity in Appalachian Ohio by assisting small businesses in obtaining the financing they need to grow at reasonable rates and terms. AGC is the only local CDFI serving Appalachian Ohio. It offers five primary services: 1) Core Loan Program: Provides small businesses gap-financing on affordable terms; 2) Specialty and Micro Loan Programs: Addresses market niche's and populations with additional barriers to accessing credit; 3) Credit Underwriting Services: Helps deploy capital of small business loan funds that do not have sufficient in-house expertise to underwrite their own loans; 4) Business Financial and Credit Counseling: Helps businesses organize accounting systems and manage their finances and balance sheet to qualify for financing; and 5) Assistance Placing Bank and Private Financing: Helps small businesses organize and present their financial information to private sector lenders that are a good match with their financing needs.
Member Since: 2019
707 K Street
Eureka, CA 95501
Phone: 707-798-6132
Fax: 707-798-6130
Contact Person: Ross Welch, Executive Director
Area Served: CA
Organization Type: Loan Fund
Lending Type: Business, Microenterprise
Counties Served: Humboldt, Del Norte, Lake, Mendocino, Siskiyou and Trinity Counties in CA
Arcata Economic Development Corporation provides leadership throughout the Northcoast of California for regional planning and economic development in accordance with sound environmental practices. The primary objective of the Corporation is to benefit the region as measured by increased employment, economic diversity, and higher family incomes. Arcata has financed $34 million and over 500 businesses.
Member Since: 2003
200 Rivermarket Avenue
Suite 400
Little Rock, AR 72201
Phone: 501-374-9247
Fax: 501-374-9425
Contact Person: Sam Walls III , Chief Operating Officer
Area Served: AR
Organization Type: Loan Fund
Lending Type: Business
Arkansas Capital Corporation, private nonprofit formed in 1957, has deployed in excess of $1.5 billion of capital while serving its mission “Fostering economic development, creating and preserving employment opportunities, and stimulating the growth, expansion and modernization of small businesses located within the State of Arkansas, including an emphasis on serving the underserved communities and citizens within the state.” Arkansas Capital Corporation provides capital to businesses in Arkansas that fall outside of the lending policies of banks. We do this by utilizing financing products from: Small Business Administration (7a and 504 loan products), United States Department of Agriculture (USDA B+I loan products), Department of Treasury (CDFI and New Market Tax Credit products) and the Department of Homeland Security (EB-5 product). Additionally we provide entrepreneurship educational opportunities within the state of Arkansas in conjunction with Arkansas colleges and universities, middle schools and high schools throughout the state.
Member Since: 2016
875 Hollins Street
Suite 301
Baltimore, MD 21201
Phone: 410.727.8590
Fax: 410.319.0734
Contact Person: William Ariano, CEO
Area Served: MD
Organization Type: Loan Fund
Lending Type: Housing
Baltimore Community Lending (BCL) is a Community Development Financial Institution whose mission is to support the revitalization and strengthening of Baltimore neighborhoods through innovative and flexible financial assistance. BCL provides real estate financing to create affordable housing and neighborhood commercial properties through acquisition and construction loans to homeowners and non-profit and for-profit developers. Its products include permanent and mini-perm mortgages and construction loans. Since 1989 BCL has financed more than $165 million in support of low and moderate income neighborhoods in Baltimore.
Member Since: 2007
2705 Enterprise Drive
Suite 150
Anderson, IN 46013
Phone: 765-622-0100
Fax: 765-622-0211
Contact Person: Adam Hoeksema/Executive Director , Executive Director
Area Served: IN
Organization Type: Loan Fund
Lending Type: Business, Microenterprise
CDFI Overview
Bankable create economic opportunity for underserved individuals and communities by providing access to capital, education, and resources to build small businesses.
Bankable lends to entrepreneurs that are unable to secure capital from traditional banks. In 2010 the Bankable loan program was developed with the ability to lend up to $250,000 to help start, grow and sustain small businesses, Since 2010 we have become the largest SBA Microlender in the state of Indiana, and the second-largest SBA Microlender in the country. In early 2017, Bankable developed an additional resource for especially underserved entrepreneurs by establishing FECap. FECap lends up to $50,000 to low-to-moderate income small business owners.
To date, Bankable has made just over 600 loans totaling nearly $19.5 million. Just in our 2017, Bankable lent about $5.2 million through 106 loans.
Reason for becoming an OFN Member
At Bankable, we are working to grow our impact among low-to-moderate income communities and bring much needed financial resources to the many entrepreneurs living in these same communities. We believe entrepreneurship and owning a business is part of the American dream and our mission is to assist in making this dream attainable to our fellow Hoosiers. By joining OFN we are joining a network of mission-driven institutions that are all working towards creating a more stable and inclusive economy for small business owners. OFN’s mission to ensure that low-income, low-wealth, and other underserved people and communities have access to affordable, responsible financial products and services aligns perfectly with our mission to support entrepreneurs in Indiana. Bankable want to be on the forefront of economic inclusion and opportunity.
Member Since: 2018
1011 San Jacinto Boulevard Suite 500
Austin, TX 78701
Phone: 512.912.9884
Fax: 512.912.9869
Contact Person: Raquel Valdez, COO
Area Served: TX
Organization Type: Loan Fund
Lending Type: Housing
BCL of Texas is a 501(c)(3) nonprofit economic development organization providing lending, homeownership, entrepreneurship, and community development programs to fulfill our mission of Building Strong Communities across Texas.
Member Since: 2019
