Rocky Mountain Instrument Co.

Greenline used its NMTC supported Small Business Capital Fund to deliver a $1.5 million subordinate business loan. The loan allowed RMI to expand product offerings and hire 10 additional technology workers from the low-income community. Three of these workers were previously unemployed. According to Calvert Foundation, the loan was,
“an important trigger for near-term growth and job creation that will eventually lead to additional capital from traditional banks and private equity.”

Access to Capital for Entrepreneurs Loan Fund

Access to Capital for Entrepreneurs (ACE) and Carver State Bank (Carver State) have formed a partnership that may eventually serve as an example to other CDFIs that seek to broaden their geographic footprint. Both partners brought unique advantages to the table and found compelling synergies through their relationship, culminating in a shared New Markets Tax […]