Community Reinvestment Fund

Though the SBA 504 criteria is comprehensive, not everyone fits into this program. For those who don’t, we also have the Community Reinvestment Fund (CRF) program for you to consider.

General Criteria:

• Established business
• Owner-occupied facility
• Management experience
• Debt service coverage

CRF assists for-profit and non-profit businesses looking to expand. Projects can range from $50,000 to $5.0 million.

To participate, a business must have a two-year positive cash flow operating history, show a good credit history, and must occupy a majority of the space it is leasing or owns. In order to qualify for CRF’s New Markets Tax Credit program, a business must be located in a census track that meets certain poverty, median family income, or unemployment levels. The project must also demonstrate a positive community impact, including job creation, area revitalization or stabilization.

CRF real estate loans can extend for 20 to 25 years, and the interest rates are fixed for the term of the loan.