Republic Bank believes in making banking easier so that our communities can THRIVE. Recently, our EVP & Senior Business Development Executive, Pedro Bryant, sat down with inSPIRE Magazine to talk about our Community Loan Fund. The article highlights how the CLF continues to help finance small businesses that are established in and serve low-to-moderate income communities across our footprint. "With loans of up to $100,000, Republic Bank's Community Loan Fund helps finance a wide range of endeavors, including a husband-and-wife real estate team, a family-owned concrete company, commercial cleaning services, event-planning services, mobile bartending, a clothing boutique, home-based businesses, insurance, and wealth management agencies." Read more on page 55 of inSPIRE Magazine's July edition: https://bit.ly/36ECoKX
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🏠 Home Town Heroes Program Update 🦸♂️: Florida's program celebrating community champions is temporarily paused due to funds depletion. 🛑 Your path to homeownership doesn't have to wait! Contact us, and one of our partner lenders will help you explore alternative loan programs, ensuring your dreams stay on track. 🌟 #HomeOwnershipJourney #CommunityChampions #fundingsolutions
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"Be Careful What You Wish For" In uncertain times, the Federal Home Loan Banks (FHLBanks) provide assurances of liquidity and stability to members large and small. Some advocates argue the FHLBanks should not serve large members and instead should focus just on small members and on providing affordable housing grants. These advocates have clearly not looked at the underlying FHLBank data, otherwise they would see that (1) ~100 large members allow the FHLBanks to offer low-cost financing to thousands of small members, and (2) large members are critical to the System's ability to offer the level of affordable housing and community development grants that they offer (approximately $1,000,000,000.00 in grant funding available in 2024). For more, see link below. https://lnkd.in/e98SE8UF #FHLBANKS #AffordableHousing
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What is a Community Development Financial Institution (CDFI)? CDFIs are lenders dedicated to offering fair, responsible financing to communities typically underserved by mainstream finance. FCI is a Community Development Loan Fund, which is a type of CDFI. While others may shy away from perceived risks, we see potential. Unlike traditional banks, we specialize in lending to emerging developers, organizations, and businesses in under-resourced communities. CDFI lending drives small business growth, promotes homeownership, facilitates the establishment of essential community infrastructure like schools and healthcare centers, funds climate change solutions, and much more. Learn more about FCI and our lending practices: https://bit.ly/3vmkJqy
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Visiting Professor of Business Economics. Author. Speaker. Director, Claybody Theatre, Stoke-on-Trent. Senior Fellow, Institute of Place Management. Advisor, economics of football.
Really good news for #communityownership #CDFIs are an important source of the overall Funding to enable communities to take control of important assets in their areas. Along with a revamped Community Ownership Fund and Community Shares, we have the basis for unleashing community ownership “#cooperatives
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"The ACT Deposit Program simplifies the process for businesses, nonprofits, community organisations, and high-net worth individuals to place at least $5m with a community development financial institution (CDFI) or minority depository institution (MDI) bank,” notes a recent YahooFinance article. Get the details about this innovative, community-building program here>> https://ow.ly/jEN050SaY0r #ACTDepositProgram
CDBA, NBA launch programme to boost deposits at banks targeting underserved communities
finance.yahoo.com
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To start a #debtmanagement plan, you need to work with a nonprofit credit counseling agency. Learn more here. #money
To start a #debtmanagement plan, you need to work with a nonprofit credit counseling agency. Learn more here. #money
investopedia.com
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How community debt hinders our progress When we look at community through the lense of a community flywheel, anything that stops, slows or hinders our community efforts can be seen as community debt. I explore the idea of what community debt means and how it shows up in our community work. Link in the comments, this is a paid article, subscribing helps you see community in a new way and supports my work, innit. 🤝
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To start a #debtmanagement plan, you need to work with a nonprofit credit counseling agency. Learn more here. #money
To start a #debtmanagement plan, you need to work with a nonprofit credit counseling agency. Learn more here. #money
investopedia.com
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To start a #debtmanagement plan, you need to work with a nonprofit credit counseling agency. Learn more here. #money
To start a #debtmanagement plan, you need to work with a nonprofit credit counseling agency. Learn more here. #money
investopedia.com
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Did you know there are special loan programs available to promote business growth in rural markets? At M&T Bank, we proudly partner with the United States Department of Agriculture to support businesses in towns or cities with less than 50k residents to secure affordable financing for growth, acquisition, construction, debt refinance, and more with a USDA Business and Industry loan. Does this sound like an opportunity for you? Let’s chat about how I can help you reach your business goals. #RuralBusiness #AffordableFinancing
Farm Business Loan | Farm Loan Programs That's Right for You | M&T Bank
www3.mtb.com
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