Participating Member Institutions
We thank our participating member institutions for working to create greater access to capital for small businesses throughout the US. If you would like to join this growing group of members, please call us at 415-729-9482 or email at: email@example.com.
Fresno First Bank will make a $10 million loan portfolio commitment available to customers who are working with Breakaway Funding to reach their capitalization or financing needs. Breakaway Funding will work with potential customers to provide screening, counsel and an online portal, while delivering loan-ready businesses to the Bank. This Hybrid Crowdfunding Loan Program® is the first of its kind in the United States.
“The transaction is another example of how the Community Capital Marketplace®(CCM) process, with the collaboration of traditional financial institutions such as Redwood Credit Union, can be utilized in the crowdfunding sector,” said Kim Kaselionis, founder/managing partner of Breakaway Funding.
The final tranche of the financing was provided by a Small Business Administration (SBA) loan and with RCU’s participation.