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Community First Fund Small Business Loans

We’re here for you in these uncertain times and we want to help see your business through the COVID-19 crisis. Community First Fund offers financing to small businesses in moderate to low income communities in central and eastern Pennsylvania. We focus on business loans for minorities, women, nonprofit organizations, community development, educational opportunity, access to food and healthcare resources, and affordable housing… all intended to help build healthy communities.

Learn more about all of our Community First Fund Small Business Loans. For examples of business loans we have made, please see our Client Success Stories.

Get started applying for a Community First Fund Small Business Loan now!
Help us understand your financing needs by answering a few questions. It won’t affect your credit score! After completing the form, a Community First Fund Lender will contact you within two business days. All loans are subject to credit approval.

IMPORTANT NOTICE
The application below is only for standard Community First Fund loans. We are no longer accepting applications for the SBA Paycheck Protection Program. If you are seeking funding through the SBA Paycheck Protection Program, we encourage you to contact your local bank or credit union. If you are seeking funding through the Reading Small Business Emergency Fund, DO NOT use this application. Go here for more information on the Reading Small Business Emergency Fund: https://readingcitysmallbizemergencyfund.com/



Community First Fund Small Business Loan Types

Microenterprise Loans

Microenterprise Loans are for businesses that require less than $50,000 for start-up or expansion. Microloans provide capital to primarily lower income borrowers that don’t have access to other sources of capital. They are frequently sole proprietors and have been in business for less than two years. Capital can be used for machinery and equipment purchases, site improvements, working capital, inventory, materials and supplies, and expansion.

Small Business Loans

Small Business Loans are for projects that require more capital than a Microenterprise loan can provide. Loan proceeds are generally used to support the increased capital needs of maturing businesses and may be used for such things as expanding or improving the business site, machinery and equipment purchases, working capital, inventory, materials and supplies, and expansion.

Community First Fund is an approved SBA Guarantee Lender. This program helps us limit exposure to loan default and allows us to approve riskier loans. The program provides a federal loan guaranty on your loan and helps reduce the loan risk. For more information on the SBA 7(a) program, Express, Community Express, and Patriot Express loan offerings, visit the U.S. Small Business Administration’s website.

Commercial Real Estate Loans

Community First Fund’s commercial real estate lending focuses on facilitating the development, rehabilitation or adaptive re-use of commercial and mixed use real estate projects located in downtowns or in low income neighborhoods of cities in our market area. Our commercial loans have focused on acquisition, construction and improvement of retail space, wholesale operations, light manufacturing, or refinancing of a real estate loan to improve the business’s cash flow.

We are especially interested in projects that generate both construction jobs and permanent employment, especially for residents of the low income neighborhood in which they are located. We are also interested in projects that bring much needed consumer goods, including healthy foods and services to underserved communities. Finally, we are interested in projects that can help transform vacant or under used commercial properties into more vibrant economic community assets.

For examples of commercial real estate loans that we have made, please see our Client Success Stories.

Affordable & Market Rate Housing Loans

We provide loans to both for profit and nonprofit developers of housing for low and moderate income families. These can be for housing that is for re-sale or for rental housing projects.  Emphasis for most of our housing related loans is on early stage development costs, such as acquiring land control, pre-development environmental, engineering and architectural studies.

For examples of the types of affordable housing projects we have funded, please see our Client Success Stories.

Community Development Loans

We provide loans to nonprofit community organizations to develop and support community programs. We also work with these organizations to develop commercial real estate properties into community assets and to support the development of multi-use and single family affordable rental housing units.

For examples of the types of community projects we have funded, please see our Client Success Stories.