News from CRF
April 9, 2010
Calling all Minnesotans!
If you're a Sam's Club Member, join us this Saturday, April 10 to rally for jobs and small businesses!
Saturday, April 10
10 a.m.-1 p.m.
3745 Louisiana Avenue
St. Louis Park, Minn.
Enjoy Music from the City Songs choir, a children's choir supported by Plymouth Christian Youth Center, a nonprofit human services organization that utilized CRF USA financing.
Learn about our community impact directly from small business owners who've utilized CRF USA financing:
Tootie's on Lowry, Nick and Lili Johnson
Tooties Restaurant is an important community-gathering place and a landmark in its tight-knit north Minneapolis neighborhood. When Tooties' owners needed a loan to purchase their operating location and improve cash flow, their lack of equity in the business made bank financing a long shot. Thanks to CRF USA and its partners, Tooties was able to weather the recession and is now one of the most successful full-service restaurants in North Minneapolis.
Welna Ace Hardware, Jim Welna
Welna Ace Hardware Store has been a family-owned and operated business for more than 50 years. When the business outgrew the small space it occupied, Mark Welna turned to CRF USA to help purchase a larger building. The new store - twice the size of the old space - allows for a broader inventory to reach a wider customer base.
La Perla Tortilleria, Manuel Payan and Jose Payan Jr.
After starting a retail tortilla distribution business in 1999, Jose and Neomi Payan transformed their endeavor into a thriving wholesale operation. With such rapid growth, the Payans were ready to increase production. However, when the couple did not qualify for traditional financing. CRF USA and its lending partners were able to loan the Payans $300,000 to purchase their operating location and new equipment, plus make improvements to the factory in order to boost production capacity. As a result, the Payans were able to hire 15 new employees, almost all of them from the local Hispanic community.
Meet local dignitaries, entrepreneurs and community partners who support CRF USA's work to strengthen our communities.
Posted by: CRFUSA