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Cooperative Fund of New England

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  • A CDFI for socially conscious enterprises in the New England region
  • A financing program with loans of up to $1.5 million
  • Offers resources to connect borrowers with technical assistance and more

About

Since 1975, the Cooperative Fund of New England has worked to facilitate investments in co-ops, community nonprofits, and worker-owned businesses in New England and parts of New York. With a focus on socially conscious enterprises in low-income areas, this Community Development Financial Institution offers financial products at a reasonable rate as well as resources to develop business skills.

Who’s it for?

New England entrepreneurs launching a cooperative, especially in low-income areas.

Mission

We work for economic, social, and racial justice by advancing community based, cooperative, and democratically owned or managed enterprises with a preference to assisting cooperatives in low-income communities by providing financial products at reasonable rates, developing business skills, and offering an investment opportunity that promotes socially conscious enterprise.

Resources & Services

Financing

CFNE provides loans of up to $1.5 million to cooperatives, community-based nonprofits, and employee-owned businesses. Terms are generally five to seven years with below-market interest rates, and CFNE accepts a wide range of collateral including real estate, equipment, inventory, and business assets.

Resources

CFNE maintains a directory of coop networks, technical assistance providers, lenders, and other information that might assist entrepreneurs.

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