Information
Organization's Own Description:
TruFund Financial Services, Inc. (TruFund) is a national not-for-profit organization with more than $70 million in assets under management. We seek to stimulate economic development in communities that are underserved by traditional banking institutions by providing affordable capital, hands-on business assistance, and innovative solutions to small businesses, not-for-profit organizations, and real estate developers.
TruFund's lending activities are designed to strengthen the capacity of faith-based and community organizations, community development corporations, small businesses, and large-scale development projects. TruFund works closely with community-based partners to develop and operate programs that address specific capital gaps within local markets, and seeks to obtain funding commitments from local financial institutions to serve local needs. Our products range along the continuum of credit from multi-million-dollar New Markets Tax Credits projects to microenterprise loans for new entrepreneurs.
Headquartered in New York, TruFund Financial Services also maintains offices in Alabama and Louisiana. We tailor our capitalization and technical assistance to the unique needs of each site—from an arts program in New York to a fisheries assistance center in Louisiana to micro-lending activity in Alabama.
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