Resource Tool for Start-up and Small Businesses in New Mexico

Resource Tool for Start-up and Small Businesses in New Mexico

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Tag Archives: Clearinghouse CDFI

Clearinghouse CDFI Boosts Housing

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Clearinghouse CDFI has provided a $550,000 refinance loan for a multi-family affordable housing property in Clovis, New Mexico. Clearinghouse CDFI is a direct lender financing projects that create jobs and services to help people live, work, dream, grow, and thrive in healthy communities.

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Posted in New Programs, Open Opportunities and Announcements | Tagged Clearinghouse CDFI, New Mexico business, small business loans

The 5 Cs of Credit

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Clearinghouse CDFI (Community Development Financial Institution), which provides affordable, flexible loan solutions to support small- to medium-size businesses, entrepreneurs, developers, and nonprofits, is offering a live webinar to give insight into credit evaluation.

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Posted in New Programs, Open Opportunities and Announcements | Tagged 5 Cs of Credit, Clearinghouse CDFI, small business loans

Lenders Helping Lenders: Homewise Gets Loan from Clearinghouse CDFI to Support Small Business

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Clearinghouse CDFI (CCDFI) provided a $800,000 loan to Homewise, Inc. to build out a locally owned and operated restaurant in Santa Fe.

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Posted in New Programs, Open Opportunities and Announcements | Tagged Clearinghouse CDFI, Homewise, small business loan

Clearinghouse CDFI

Posted on by Admin

Clearinghouse CDFI is a direct lender financing projects that create jobs and services to help people live, work, dream, grow, and thrive in healthy communities.

Continue reading →
Posted in Loans | Tagged Clearinghouse CDFI, small business loans

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Featured Article

RCAC Helps Prados Beauty Outperform

Cece Meadows started Prados Beauty from her home.

When Cece Meadows walked into rooms filled with prospective investors, she knew they saw a red flag.

During the height of the pandemic, her company, Prados Beauty, had donated 50 percent of its sales — not profits — to buy protective gear for Indigenous communities. To your typical venture capitalist or big-bank lender, that looked like a liability.

But for Meadows, a Xicana of Yaqui descent, that was the entire point. Meadows lives by her grandmother’s advice, which translates as “Everything you do with a good heart can never go wrong.”

Today, that model has a proven return on investment. Prados Beauty is the top-selling independent color cosmetics brand at JCPenney, moving products in 609 stores and becoming the first beauty line ever sold at the Smithsonian.

The brand reached these heights, in part, through Meadows’ partnership with the Rooted Relative Fund offered through the nonprofit lender Rural Community Assistance Corporation (RCAC). Fund managers viewed Meadows’ commitment to community not as a “risk” but as the secret to her success.

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