Paul Hoffmann’s Post

Provident Bank is pleased to provide a $2,500 grant to The Ha'Or Beacon School through the Federal Home Loan Bank of New York (FHLBNY) Small Business Recovery Grant Program (SBRGP). Through the SBRGP, FHLBNY member banks can provide assistance to qualifying small businesses that have faced economic challenges due to the rate environment, inflation, supply-chain constraints, and/or rising energy costs. For more information visit https://ow.ly/IWK050Ue9tn

#MICEO is launching a series of "Focus on Michigan" posts to highlight resources for MI businesses. This is the first of several focused on the SSBCI loan program, which MICEO is partnering with Michigan Economic Development Corporation to administer. Michigan Economic Development Corporation (MEDC)'s Collateral Support Program intends to supply cash collateral support to lending institutions to enhance the collateral coverage of its borrowers. The business needs to apply for a loan at the bank and the bank has to determine that the potential borrower has insufficient collateral to support the loan request (per the bank's lending standards). The bank would have to apply for "collateral shortfall coverage" to the MICHIGAN STRATEGIC FUND (MSF), which MEDC administers. If the application is approved, MSF will place the approved funds in an interest-bearing account with the lender and that account will be pledged as collateral for that loan on behalf of the borrower. Click HERE to access the Collateral Support Program fact sheet to learn more and see if your business qualifies. https://lnkd.in/gESKYByc Additional informational post 3/19: https://lnkd.in/giEh5bHX #michigan #business #ssbciloanprogram

Provident Bank is pleased to provide a $5,000 grant to Yonkers Partners in Education (YPIE) through the Federal Home Loan Bank of New York (FHLBNY) Small Business Recovery Grant Program (SBRGP). Through the SBRGP, FHLBNY member banks can provide assistance to qualifying small businesses that have faced economic challenges due to the rate environment, inflation, supply-chain constraints, and/or rising energy costs. For more information visit https://ow.ly/IWK050Ue9tn

🚀 Ready to level up your investment game? Dive into the world of DSCR loans with Lendvent! 🏠💰 Our tailored plans and competitive market rates make investing in real estate a breeze. Whether you're eyeing single family properties or multi-family units, our DSCR loans provide the financial backbone you need. Trust Lendvent to deliver stability, security, and stellar returns for your portfolio. Don't wait, seize the opportunity now! #Investments #RealEstate #DSCR #Lendvent 📈

Let your gold pave the way for your milestones – whether it's education, a new home, travel, or medical needs. With MCFL Gold Loans, the possibilities are endless. #EkMangalmayShuruvat #MangalmayLoans #MCFL #ClientFirst #FinancialSolutions #NBFC #PartnershipForGrowth #BusinessSuccess #FinancialServices #DiamondLoans #JewelryLoans #QuickLoans #FinancialSupport #GoldLoans

Did you know that as a member of Greater Niagara FCU, you have access to exclusive savings on loans and special promotions? Whether you’re ready to buy a new car, pay for tuition, or need a little extra cash out of your home, we’ve got you covered! 🚗🏡✨ Head to https://lnkd.in/gvp_nt2v to see more all loan options available to you when you becmome a credit union member! #credit #creditunion #loanrates #APR #lowrates #financing options

Ever wondered the impact you can have when you start aligning your investments with your values? We've talked about what CDFI loan funds are before, but let's dig into how they can make a real impact for entrepreneurs, small businesses, and communities. Shoutout to CNote for sharing this incredible story. Meet Terri-Nichelle, a powerhouse with a mission to empower BIPOC youth in STEAM fields. She launched Brown Toy Box and scored a game-changing deal with Target for nationwide distribution. However, she didn't have the funds to meet Target's big demands—nearly 40,000 kits. She turned to ACE, a CDFI, for help. With their support, Terri-Nichelle got the financing she needed to seal the deal. ACE's founder, Grace Fricks, didn't stop there. She rallied other Atlanta partners to chip in, making sure Brown Toy Box's inventory rollout happened across the country. Terri-Nichelle summed it up perfectly: "The reason that we are where we are right now is because we were able to get the capital." It's all about the strength of women in the investment and finance sectors, stepping up and making a difference for small businesses. Just like Terri-Nichelle's journey, your investments through CNote in CDFIs like ACE can really move the needle, generating returns while lifting up businesses and communities nationwide. Join us for an event tomorrow with Julia Phipps, Director of Due Diligence from CNote. We’ll dive into the amazing history of CDFI Loan Funds and see how aligning your investments with your values can spark positive change. Register here: https://lnkd.in/gCTDCXdW Check out more of Terri-Nichelle’s story (and many others) here: https://lnkd.in/ghvrwKUB #cdfi #cdfiloanfunds #womenentrepreneurs #investing #impactinvesting #womeninvesting

This is one of the most creative types of real estate lending you'll find across the industry. A discounted DSCR program is unheard of! I know firsthand how Spartan Invest works hard to stay ahead of the curve and this is just another example. Asking the big questions and discussing options within your network goes a long way!

Check out this example of how our discounted DSCR program helps save thousands of dollars! A DSCR loan is a type of non-QM loan used by real estate investors to help them qualify for a loan based on their property's cash flow, without having to verify personal income. Comment below for more information!

We love #TestimonialTuesday 👏👏 "I had the opportunity to make my first loan with Trius Lending and I really appreciate the patience they had with me to be able to do the business. Many thanks to the whole team!" - Jefferson Whether it's your first deal ever or you're just looking for a better alternative to real estate financing, we would love to show you the Trius difference. Have a property you've been eyeing and want to know if it's a sound investment, reach out to our team. Not only can we quickly finance the deal with private money, but our due diligence will put you on a better path to success. Tri-Us, You'll Like Us! #PrivateMoney #RealEstateInvestment #ClientSuccess #TriusLending