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Prestamos, CDFI, LLC
1112 E. Buckeye Road "RD"Phoenix AZ, 85034-4043
CDFI Awards for Prestamos, CDFI, LLC
NMTC (2009) - $25,000,000
Prestamos CDFI, LLC (Prestamos) will use its NMTC allocation to provide access to financing and technical assistance for small businesses, the majority of which are either minority or woman-owned and serve communities historically underserved by traditional financial institutions. The NMTC allocation will enable Prestamos to increase the volume of its investments, expand its current NMTC programs and offer subordinated debt products with reduced interest rates. Prestamos’ primary strategic focus of providing small business financing together with complementary services and financial counseling with the loan application process will enhance the ability of firms to succeed and grow.
NMTC (2003) - $15,000,000
Prestamos will utilize its NMTC allocation to expand and focus its work in historically underserved low-income communities within two distinct geographic areas. Prestamos will utilize a portion of the NMTC allocation within its statewide service area, but, through execution of a memorandum of understanding with the City of Tempe, Arizona, will utilize the majority of the NMTC allocation to enhance access to economic and life opportunities for low-income residents of Tempe"s low income barrios and neighborhoods. It will accomplish this through three primary strategies: (1) Commercial Revitalization and Business Development; (2) Small Business Financing; and (3) Venture Capital. Each strategy complements and builds on historic activities and current public and private investments within targeted communities.
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Featured Government Grant Resources
Federal and State Technology Partnership Program
The Federal and State Technology Partnership Program works around the objective of being able to boost and strengthen the technological competitiveness of small business establishments in the United States of America.
Small Business Administration's Loan Guarantees Program
The Small Business Administration has established the Loan Guarantees Program wherein they aim to be able to provide guaranteed loans to small business establishments which are not capable of acquiring financing from a private credit marketplace but greatly manifests the ability to repay funds in a timely manner.
Social Entrepreneurship
Spotlight
Why People Buy from Social Enterprises?
The Guardian has compiled a list of responses to its latest open thread, and has announced the winner of the social enterprise gift hamper packed with presents.
