Capital Plus Financial (CPF), a community development financial institution and subsidiary of Crossroads Impact, participated in the Texas Micro-Business Disaster Recovery (MBDR) Loan Program, which provides access to capital for microbusinesses impacted by declared disasters.
Through the MBDR Loan Program, CPF will offer loans to microbusinesses that struggle to secure traditional financing after a disaster. These loans are funded by zero-interest loans from the state of Texas, allowing it to pass on affordable capital to Texas businesses in need.
“Microbusinesses are the backbone of our local economies, providing essential services and jobs,” Eric Donnelly, CEO of CPF, said. “Through this program, we’re able to provide a financial lifeline to these businesses at a critical time. Our participation reaffirms our commitment to empowering small businesses by helping them rebuild, regain stability and continue contributing to the economic health of our Texas communities.”
