In 1992, First State Community Loan Fund (CLF) formed with the goal of using proven business strategies in new and innovative ways to provide loans and business advice to community-based organizations and entrepreneurs in low-income communities throughout Delaware.
A non-profit Community Development Financial Institution, First State CLF stays true to its commitment to support disadvantaged entrepreneurs launch and grow small businesses. Since its inception, First State CLF has pumped over $28 million into local economies, supporting more than 1,100 businesses and organizations.
As a Certified Development Company, or CDC, First State Community Loan Fund works with lenders to provide financing to small businesses under the Small Business Administration’s 504 program.
As one of fewer than 300 CDCs nationwide, First State CLF is well positioned to help Delaware’s small businesses succeed with access to the capital they need to grow.
To learn more about the 504 Program, please contact Rachel Baldini, Director of Lending, at 302-652-6774, ext. 113 or firstname.lastname@example.org.