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State Small Business Credit Initiative (SSBCI) Programs

Prestamos CDFI is proud to partner with states across the U.S. to help ease the path for business owners to access affordable capital. Funds are targeted to Arizona small businesses or nonprofits. Must use loan proceeds for eligible business purposes. Learn more about our funding options

Smooth Sailing: Simplifying Small Business Finances with Expert Bookkeeping

Owning a small business is an exciting journey, but let’s face it – navigating the financial waters can be tricky. One key aspect often overlooked is bookkeeping. Don’t worry; we’ve got your back. Steering clear of common bookkeeping pitfalls isn’t just about saving headaches; it’s about securing a financially sound future for your business. Take […]

Understanding the Importance of Business Taxes When Requesting Capital

Lenders typically assess a company’s financial health and stability before approving a loan, and tax-related information provides valuable insights into the financial standing of the business. Here are some ways in which business taxes are important in the loan application process: 1. Income Verification/Cash Flow Analysis: Tax returns help to verify the income of the […]

CPLC Prestamos CDFI Receives 6th Award from the U.S. Department of Treasury

Prestamos is proud to announce the award of $65 million in New Markets Tax Credits (NMTC) from the U.S. Department of the Treasury’s Community Development Financial Institutions (CDFI) Fund. This year’s award is the single largest granted in Prestamos’ history and represents the highest amount awarded in 2023 among top recipients across the country. Prestamos […]

AI for Small Businesses 

Leveraging Opportunities and Overcoming Challenges Small businesses play a vital role in driving employment and economic growth but often face challenges and uncertainties. Small businesses can turn to Artificial Intelligence (AI) as a solution to navigate some of these difficulties and foster continuous development. AI encompassing technologies such as machine learning, natural language processing, and […]

Small Business Alternative Lending and CDFI Lending

What makes a lender an “Alternative Lender”? This is certainly a question for Small Business owners seeking to apply for capital whether they are an existing business or a start-up, and have faced challenges through normal retail lending channels. Alternative Lenders for the most part are for-profit lenders that are not FDIC insured like traditional […]

Plan Out Your Small Business Saturday

Small businesses are the backbone of their communities. They significantly contribute to the economy and provide jobs. To help highlight and support these contributions Saturday, November 26, 2022, is known as Small Business Saturday and is a celebration in support of small businesses and all they do for their communities. Here are a few things […]

The Employee Retention Credit (ERC) And Your Business

It is never too early for businesses and individuals to start thinking and planning for their taxes. With so many efforts around business pandemic-related resources and assistance programs through the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) – many business owners can come out feeling confused and overwhelmed with deadlines and next steps. One of […]