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Southern Financial Partners
Arkadelphia ARCDFI Awards for Southern Financial Partners
FA (2006) - $585,000
Southern Financial Partners (SFP), established in 1988, is a nonprofit affiliate of Southern Bancorp, a $500 million multi-bank holding company. Both organizations are certified CDFIs. SFP provides loans to individuals, small businesses, and community facilities in rural Arkansas and the Mississippi Delta. Specifically, the Financial Assistance Award of $501,000 will be used to capitalize a loan pool for the new mortgage product and an $84,000 Technical Assistance Award will be used to cover staff salary to develop related loan policies and procedures, to train staff in mortgage underwriting, to develop the MIS to implement the new loan product, and to hire a consultant to assist the Awardee with the development and placement of the new mortgage product.
Other Community Development Financial Institutions in Arkansas
alt.Consulting
Pine Bluff
College Station Community Federal Credit Union
College Station
Community Resource Group, Inc.
Fayetteville
First National Bank of Phillips County
West Helena
South Arkansas Community Development
Arkadelphia
Southern Development Bancorporation
Arkadelphia
Southern Financial Partners
Arkadelphia
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