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Community Development Capital Partners, LLC
Wilmington DECDFI Awards for Community Development Capital Partners, LLC
NMTC (2003) - $35,000,000
Community Development Capital Partners (CDCP) will use its NMTC allocation to provide subordinated debt and equity capital to multi-unit franchise businesses and franchise-focused real estate projects in low-income communities. The subordinated loans and equity investments will be used to finance the growth of its portfolio of businesses in low-income communities to create jobs, build wealth, and improve the quality of life in the targeted communities. This NMTC allocation will allow CDCP to provide loans with structures that better address the needs of businesses in its service area, while targeting at least 30% of its investments to Federally-designated HUB Zones. In addition, CDCP will be able to provide more advantageous terms - including interest only payments, financing up to 95% of deals, and allowing local entrepreneurs to retain a larger portion of their company.
Other Community Development Financial Institutions in Delaware
First State Community Loan Fund
Wilmington
NCALL
Dover
Featured Government Grant Resources
Minority Business Enterprise Centers for Minority-Owned Businesses
The The Minority Business Development Agency has recently constituted the Minority Business Enterprise Centers (MBEC) Program wherein it aims to support minority-owned businesses by providing them with electronic and one-on-one business development services for a reasonably nominal fee.
Small Business Administration Background
The Small Business Administration was established in 1953. Since that time the agency has dispensed millions of dollars in loans and loan guarantees, contracts, consulting assistance and other programs for small business across the United States.
Social Entrepreneurship
Spotlight
Building a Million Dollar Company Where Everyone Counts
Ganesh Natarajan is the Founder and Chairman of 5FWorld, a new platform for funding and developing start-ups, social enterprises and the skills eco-system in India. In the past two decades, he has built two of India’s high-growth software services companies – Aptech and Zensar – almost from scratch to global success.
