Catalyst Community Capital, Inc., a 501 (c) 3 mission-based lender and Treasury Department certified Community Development Entity, and Florida Business Development Corp., an SBA Certified Development Company continue to grow their strategic partnership focused on expanding economic opportunity and promoting entrepreneurship in low-income and disadvantaged communities. To help facilitate the Catalyst’s growth, Florida Business Development has increased its investment in the organization, which will allow Catalyst to grow its loan portfolio and support the launch of CatalystCollege.org. a training and mentorship program for minority and mission-aligned real estate developers focused on affordable housing and community development.
“This additional investment from one of our long-time business partners, Florida Business Development Corp., shows their commitment to supporting entrepreneurship and will help Catalyst deliver flexible loans to small business owners that have a difficult time accessing capital from traditional sources, such as banks and credit unions,” stated Joseph Bonora, President of Catalyst.
“With economic development being FBDC’s core mission, we are continuously striving to increase our impact in our local communities. Catalyst Community Capital has a unique platform that allows them to serve the small businesses and entrepreneurs that are often an afterthought in the conventional credit markets. With Catalyst’s experience and accomplishments, I know this partnership will drastically improve our reach into those underserved communities,” stated Bill Habermeyer, President/CEO of Florida Business Development Corporation.
About Catalyst Community Capital, Inc.
Catalyst Community Capital, Inc. is a 501 (c)(3) nonprofit organization that provides capital and technical assistance to small business owners and mission-aligned organizations in low-income and under-served communities along the West Coast of Florida. Catalyst provides loans from $100,000-5,000,000 and offers technical assistance and coaching to entrepreneurs looking to grow. Learn more at www.catalystimpact.org or www.catalystcollege.org
About Florida Business Development Corp.
Florida Business Development Corporation is a private, nonprofit Certified Development Company established in 1989 to administer the Small Business Administration (SBA) 504 Loan Program. As the most active lender in the east coast of the U.S., FBDC assists healthy, growing companies secure long-term, below-market, fixed-rate financing for the acquisition and development of fixed assets. Learn more at www.fbdc.net