NSDC also arranges business loans through the Community Reinvestment Fund (CRF), an alternative financing source for applicants who don’t meet all of the qualifying criteria for an SBA 504 loan but who would benefit from a similar loan structure.
A typical purchase would be structured as follows:
Bank loan 50%
CRF loan 40%
Borrower equity 10%*
*Single purpose buildings and start-up business are subject to additional borrower equity
Use of Funds
"The Community Reinvestment Fund has been a great addition to our menu of services. It provides NSDC with a private-capital, community development funding resource to offer those clients for whom SBA financing may not be the best option."
Nevada State Development Corporation