Community Capital New York, a U.S. Small Business Administration-certified micro lender for the lower Hudson Valley, yesterday announced its support for the Westchester County Association”™s Blueprint Accelerator Network.
The organization is a subsidiary of Hawthorne-based Community Capital Resources, formerly known as the Westchester Housing Fund.
CCR is a nonprofit Community Development Financial Institution (CDFI), established in 1989 to serve as a financial, technical and educational resource for consumers and businesses.
It provides loans for affordable housing developments; loans, grants and technical assistance for micro-businesses; and financial literacy education programs.
As a CDFI, Community Capital is able to lend to small businesses that are unable to secure financing through more traditional means. Community Capital can make loans of up to $50,000 for startups and up to $250,000 for qualifying established businesses in its capacity as an SBA-certified micro lender.
“It is clear that providing emerging entrepreneurs with capital is only one part of the solution,” said Kim Jacobs, executive director of CCR, in a statement. “Having access to the high quality expert advice provided by the Accelerator Network ensures that the loans we make are being used to take the business to the next level and to create a more profitable model for the business owner.”
