SPARK News
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Community Reinvestment Fund, USA Wins Small Business Leader Award from Goldman Sachs 10,000 Small Businesses, the Surdna Foundation, and Opportunity Finance Network
Recognized for transformative financing strategies in disinvested communities FOR IMMEDIATE RELEASE ATLANTA (October 26, 2016) – Goldman Sachs 10,000 Small Businesses, the Surdna Foundation and Opportunity Finance Network (OFN) today announced that Community...
Community Reinvestment Fund, USA and National Federation of Community Development Credit Unions Partner on a Business Lending Solution
Minneapolis, MN – (September 20, 2015) The National Federation of Community Development Credit Unions (Federation) announces a partnership with the Minneapolis-based Community Reinvestment Fund, USA (CRF) to provide a Small Business Administration (SBA)-compliant business lending solution beneficial to credit unions originating small SBA loans between $25,000 and $5,000,000. The software, developed by CRF, facilitates the origination process–from application to closing–for lender and borrower. Five credit unions, including Alternatives Federal Credit union, Lower East Side Peoples Credit Union, Neighborhood Trust Federal Credit Union, Case Credit Union and Dakota Plains Credit Union, are currently beta-testing the software in a credit union environment.
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SPARK is powered by Ignify Technologies, Inc. – the world’s only loan origination technology company operating as a Public Benefit Corporation. Ignify’s purpose is to build a more inclusive economy by providing greater access to responsibly priced capital and creating pathways to prosperity for small business owners. We, through our network of for-profit and non-profit enterprises, are focused on digitizing lending processes, automating data and information collection, and fundamentally transforming how the small business ecosystem operates.
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