The USDA recently approved CFNE for eligible status to originate Business and Industry Guarantee Loans USDA Rural Development in all of the New England states. Previously CFNE was approved in only Connecticut and after review by the USDA National Office, it was determined that CFNE has sufficient lending expertise, financial strength, and legal authority to operate a successful lending program. The approval is conditional upon CFNE receiving lender training from the USDA state office. Paricipation in the B&I Guaranteed Loan Porgram will allow CFNE to offer additional funding to cooperatives in New England that meet USDA requiremnts and it may help CFNE borrowers whose collateralization may need augmentation or a guarantee.
Recent Blog Posts
- Postcards from the Edge: A Nonprofit Quarterly Article by the CFNE Learning Team
- CFNE’s 2025-2026 Prospectus has been published
- In the Spotlight! We Were Featured on Ownership Capital Lab’s Employee Ownership Fund Spotlight
- Developing Cooperative Leaders: Co-op Navigator Fellowship Update
- The Evolution of CFNE’s Learning Team
- Co-ops Transform Communities! CFNE’s 2024 Annual Appeal