Central NY has had its share of setbacks over the years. For many small business owners who live here, however, this is the best place to start a business and raise a family.
Business Loan Connection was formed so that everyone who wants to create a thriving, sustainable business in Central and Upstate NY has a chance to make this dream a reality. It doesn’t matter what your economic status is, small business owners who are willing to learn and work hard can count on the Business Loan Connection to work with them.
What is a CDFI?
When financial institutions come together, everyone wins. Business Loan Connection is a Community Development Financial Institution (CDFI). A CDFI is a group of financial institutions that come together to serve their local community. CDFIs are certified by the US Department of Treasury and offer financial products and services in economically depressed and underserved areas.
The goal of a CDFI is to do more than just offer loans. These financial institutions also offer education services to help small business owners learn how to manage and grow their business. This education ensures that the local community will grow with the businesses as jobs are added in the area and money is then injected back into neighborhoods. New jobs also attract new residents to the area and more opportunities for growth.
Cooperative Federal and Alternative Federal Credit Unions
Business Loan Connection is a CDFI formed by Cooperative Federal and Alternative Federal Credit Union. These organizations are community credit unions that believed that if they combined their efforts they could offer more services to a larger area.
Both Cooperative Federal and Alternative Federal Credit Union are dedicated to strengthening neighborhoods, create economic opportunity, and foster a solidarity economy. They specialize in offering financial products to those who are low income, new citizens and others marginalized by the mainstream economy.
These credit unions also offer business education and financial assistance to Central and Upstate NY small business owners, including:
- Business consulting
- Business workshops
- Business seminars
- Credit assistance for new business owners
Business Loan Connection wants to help give small business owners every opportunity to achieve success and to be able to qualify for financial products that will help their business grow.
You Can Count on Business Loan Connection
Business Loan Connection located in Central New York is comprised of community credit unions that are highly invested in the areas they serve. They are dedicated to helping marginalized residents realize the dream of home ownership and business ownership that would otherwise remain unfulfilled. As a certified CDFI, Business Loan Connection offers the financial and educational tools Central NY small business owners need.
To learn more about how Business Loan Connection can help your small business contact us today and speak to one of our qualified loan specialists.