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CFNE Products

CFNE offers a range of loan products for cooperatives, nonprofits serving basic human needs, employee owned businesses, and co-housing developments and community land trusts.

Acceptable Uses

  • working capital,
  • inventory purchase,
  • business expansion,
  • plant & equipment,
  • cash flow needs,
  • property acquisition,
  • site development and home improvement/rehab.

Amounts:      $1,000 - $1,000,000

Loan:             Secured Loan, Promissory Note

Term:            Negotiable – generally 5-7 years

Rate:             Negotiable – average is 5-7%

In certain situations we will provide a loan larger than the available collateral of the borrower.

We also have products designed for members of cooperatives, including Member Ownership loans, Member Education loans, and Member Participation loans.

  • Member Ownership loans finance member equity purchases in a cooperative.
  • Member Education loans finance a coop to enroll members in cooperative-related higher education programs.
  • Member Participation loans enable coop members to assist in their coop's development by lending money to CFNE that is restricted for a loan to their coop or for securing a loan from CFNE. This product originally was designed to meet an identified need from several New England coops with out-of-state members who wanted to invest in their coop but were deterred due to securities regulations. The product is an excellent means of leveraging private funds from coop members back into their local cooperative economy.