LOANS
CFNE Borrower Mix 12-31-2007
Loans can be used for working capital, to help a borrower with predevelopmennt costs, to expand, to buy or construct a building, to purchase equipment or to relocate. Loans can be in the form of a line of credit, term loan, or a hybrid of the both.
Since its inception in 1975 CFNE has made over $14 million in loans to over 380 borrowers all over New England and Eastern New York. Loans made to CFNE Borrowers in 2006 have resulted in the creation or retention of 487 jobs and 691 units of housing.
"CFNE helps borrowers become more financially literate. It is one of our social and financial impacts. It goes far beyond learning how to get a loan; it's about self-confidence and understanding how money moves through society and of course if it's a co-op its about ownership of a business."
Click here for a link to Cooperative Fund Brochure
Click here for a link to Cooperative Fund loan application form
