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Who is CDR?

Since its inception in 1994 as a Self Employment Loan Fund, CDR has evolved into an independent non-profit and a certified Community Development Financial Institution. Offering diverse financial products, including city and state loan funds, equity equivalent programs, and SBA loans, CDR aims to foster economic growth by providing accessible funding solutions to local businesses. With a focus on job creation and affordable housing initiatives, CDR continues to serve Nebraska's communities through innovative financial strategies. Contact us to learn more about our programs.

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Who is CDR?

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  1. Who is CDR?

  2. 1994 -Started as Self Employment Loan Fund (SELF) • 2001 -Became an independent 501 (c)(3) non-profit • 2002 -Became a Community Development Financial Institution (CDFI) by the U.S. Treasury • 2003 -Change of name • To date • 2006 -Formed a Community Development Entity

  3. Financial Products • City Loan Funds (CDBG): rate 6-9%, 1 job created/$35,000 borrowed • State Loan Funds (LB327 Evergreen Loan): rate 7-10%, micro-loan ($1,000-$35,000) • Community/Equity Equivalent (EQ2): rate 6-9%, participating banks include Pinnacle Bank, US Bank and Wells Fargo Bank • Small Business Association (SBA) Loan Funds: rate 6-9%, micro-loan ($1,000-$35,000), $100 annual administrative fee

  4. Loan Requirements • Business Loan Application • Personal financial Statement • $20 Application Fee • History of the business • Resume or Management Summary of all principals • Copy of Photo I.D. & Social Security Cards • Personal tax returns for the last 2 years • Business tax returns or financials (balance sheet and income statement) for the last 3 years • Annual Projections; Existing business – 1year Start-up -3years • If not a U.S. Citizen- copy of I-551 or I-94 card required • If request is greater than $50,000- denial documentation from a bank

  5. New Initiatives by CDR • Affordable Housing Initiatives (AHI) • Nebraska New Market Resources, LLC (NNMR) • Nebraska Community Capital Fund (NCCF)

  6. How to Reach Us Community Development Resource 285 S. 68th Street Place, Suite 520 Lincoln, NE 68510 www.cdr-nebraska.org • General Information: Rick Wallace, Executive Director: 402-436-2386, rwallace@cdr-nebraska.org • Loan Information: Brad From, Loan Officer: 402-436-2388, bfrom @cdr-nebraska.org • Housing Information: Julie Poykko-Post: 402-436-2435, jpost@cdr-nebraska.org • Program Information: Jane Hardesty: 402-436-2387, jhardesty@cdr-nebraska.org

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