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Borinquen Federal Credit Union
629-31 West Erie AvenuePhiladelphia PA, 19140
CDFI Awards for Borinquen Federal Credit Union
CORE (1999) - $240,000
Borinquen Federal Credit Union will use its $240,000 capital grant from the CDFI Fund to expand its loan products and loan production.
SECA (1998) - $52,500
With the CDFI Fund"s $52,500 technical assistance grant award, the credit union will enhance its ability to provide loans to its members through training for its staff in mortgage lending, marketing, teller services, the provision of development services to its borrowers and a new computer system and loan production software.
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Featured Government Grant Resources
Small Business Administration's Portable Assistance Program
The Small Business Administration has established the Portable Assistance Program wherein they seek to provide grants to Small Business Development Lead Centers that provide services to small businesses in an effort to increase the success of small business establishments and their viability in certain communities where economic hardship is apparent and is attributable to the impact of a major disaster.
Community Development Financial Institutions
Community Development Financial Institutions are basically financial institutions who possess the ability to provide credit and financial services to underserved industries and communities.
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