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Uvalde Secures Final Funding for New Elementary School through Prestamos CDFI
Uvalde Secures Final Funding for New Elementary School, A Symbol of Healing and Hope Préstamos CDFI, Raza Development Fund, and JPMorgan Chase Partner to Invest $24.5 Million in Rebuilding Efforts, Creating Jobs and Expanding Educational Opportunities for Uvalde’s Children Uvalde, TX — Two and a half years after the tragic school shooting in Uvalde, TX, […]
Major Development in NMTC Investments: Transforming Communities in the Southwest
In October 2023, CPLC Prestamos CDFI marked a significant achievement by receiving $65 million in New Markets Tax Credit for investment in low-income communities. It stands as a major milestone for Prestamos, being one of the largest awards in its history and representing the maximum amount granted in that year. Prestamos CDFI continues its commitment […]
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 […]
