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How a PPP Loan From a Low-Income Designated Credit Union Gave This Bay Area Nonprofit The Promise of a Brighter Tomorrow
Barbara McCullough knows a thing or two about nonprofit management. She’s been the CEO at Brighter Beginnings, a nonprofit created in 1984 to respond to the needs of families in resource-poor neighborhoods across Contra Costa and Alameda Counties, for nearly 24 years. With that level of experience comes the understanding that government funding is anything…
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Latino Community Credit Union Case Study
CNote is proud to share a new case study: The Case for Reaching More Impact Investors which explores how the Latino Community Credit Union (LCCU) was able to increase its deposit base by partnering with CNote. The case study highlights how CNote works with low-income designated credit unions and CDFI banks to grow their deposit…
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Why CDFIs Often Create Better Lending Outcomes for Small Businesses
Small businesses that need financing often find themselves at a crossroads: apply for a traditional bank loan that’s difficult to get but has lower-interest rates or an online loan that’s quickly approved but can end up being inordinately more expensive in the long run. But some business owners don’t realize that there’s an additional option:…
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Ebony Harris, The Entrepreneur Putting Children — And Parents — In Good Hands
Ebony Harris has a special way with children — it’s a gift. She thought about pursuing a career as a pediatric nurse, but that didn’t appeal to her entrepreneurial spirit. Instead, in 2015, set her sights on opening a childcare center, where she could educate, support, and influence kids. Her and her husband, John, had…
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CNote’s 2019 Annual Impact Report
CNote is proud to share our 2019 annual impact report. In 2019 CNote investors helped to create or maintain over 1,100 jobs! Additionally, of every dollar invested 58% of funds supported minority-led businesses (MLB) 38% of funds supported women-led businesses (WLB) 56% of funds supported LMI communities *Note, there can be an overlap where a borrower…
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Meet Dr. Ira Mandel, The Retired Physician Opening Up Recovery Residences Along Maine’s Midcoast
Dr. Ira Mandel self identifies as “the nut” who runs into a burning building to help people when everyone else is running in the opposite direction. That’s exactly what happened in 2006, when Ira moved to Maine to take over the Pen Bay Medical Center’s hospice program. During his first week on the job, a…
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CNote’s Q1 2020 Impact Metrics
We know one of the main reasons you invest with CNote, is because of the impact your investment has. We’re proud to share our Aggregate Q1 2020 impact data. In Q1 2020, our members helped create/maintain 173 jobs! Over half of all invested capital was deployed with minority-led businesses. If you’d like to see our annual…
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Webinar, Foundations and CDFIs: Creative Solutions for Crisis Response and Recovery
The webinar is now available for on demand viewing using the link below or via YouTube: We’re proud to announce that CNote is hosting a webinar on Wednesday, June 17th 2020 – 11:00 AM (PDT). The overarching goal of this webinar is to highlight creative ways foundations are deploying investments and grant dollars to…
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What’s Behind the Growth of Impact Investing
The Rockefeller Foundation coined the term “impact investing” at a 2007 meeting of investors, entrepreneurs, and philanthropists in Bellagio, Italy. Fast forward two decades and we’ve seen demand for sustainable impact investments grow exponentially. Impact investing refers to investments that generate a measurable social or environmental impact along with a financial return. Over the years,…
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Does Impact Investing Equate to Lower Returns?
While it may seem like a new trend, impact investing has roots that trace back centuries and it’s here to stay. But like any alternative investment strategy, public endorsement of the approach has varied. Throughout the years, hesitation stemmed from concerns about financial returns, the ability to measure social impact and stability of the markets.…
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Where finance meets impact.