CENTURY CALIFORNIA FUND TO FINANCE PCR BUSINESS FINANCE'S SMALL BUSINESS PROGRAM
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Friday, October 28, 2022
Acquisition, Community development financial institution, CDFI, Color, Florida Small Business Development Center Network, BIF, SBA, Senior, Small business, CCF, Quality of life, Community development, Century Housing Corporation, Century, Small Business Administration, LLC, PCR, Solution, Partnership, Office of the Supervising Architect for the U.S. Treasury, Bank, Management, Financial services
CULVER CITY, Calif., Oct. 27, 2022 /PRNewswire/ -- The Century California Fund (CCF), an entity controlled by Century Housing (Century) announced today an infusion of capital into a partnership with PCR Business Finance (PCR), which will support PCR's 45-year history of small business and micro lending to underserved communities. Lack of access to capital is a well-documented challenge facing minority borrowers. CCF's new small and micro lending partnership program with PCR will help fill an essential gap in the market.
Key Points:
- CULVER CITY, Calif., Oct. 27, 2022 /PRNewswire/ -- The Century California Fund (CCF), an entity controlled by Century Housing (Century) announced today an infusion of capital into a partnership with PCR Business Finance (PCR), which will support PCR's 45-year history of small business and micro lendingto underserved communities.
- Century California Fund, LLC is an entity 100% controlled by Century Housing created to engage in support and development activities in the communities in which Century Housing operates.
- Further, PCR provides small business educational services through its designation by U.S. Small Business Administration (SBA), as a Small Business Development Center (SBDC).
- Finally, and in addition to its small business lending and educational services, PCR administers the pilot Metro Business Interruption Fund (BIF), which provides grants of up to $50,000 per impact year to eligible small businesses.