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CHEFA Revolving Loan Fund Program

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CHEFA Begins Accepting Loan Applications for Capital Financing Starting May 28, 2024

The CHEFA Revolving Loan Fund Program was created to expand our available financing products and provide financial assistance to the organizations we serve. The program was created in 2020, with a purpose of providing affordable financing to existing CHEFA Clients and non-profits across the State.

CHEFA is proud to announce that the CHEFA Board of Directors has approved the Funding Cycle Notice 2024A. Existing CHEFA clients can apply for up to $500,000, while non-clients can apply for up to $200,000 in financing for capital projects, including the acquisition of equipment and renovations/improvements to real property. The loans may have a term up to 72 months, at a fixed rate of 2.99% per annum.

Please refer to the Funding Cycle Notice 2024A, found below, for more information on the term of the loan, eligible borrowers and eligible uses of the loan proceeds.

Interested Clients must submit a Loan Application to Dan Kurowski at dkurowski@chefa.com. The application can be found below.

Contact Michael Morris for More Information
MMORRIS@CHEFA.COM

Contact Dan Kurowski for More Information
DKUROWSKI@CHEFA.COM