TELACU’s financial institutions provide access to capital for entrepreneurs and hardworking families, and financing for redevelopment projects.
The refusal of credit in underserved communities has locked business owners and local residents in financial stagnation that has lasted for generations. To reverse this trend, TELACU established Community Commerce Bank, a Community Development Financial Institution (CDFI) designed for the express purpose of serving the credit and banking needs of people in these neighborhoods.
TELACU Community Capital (TCC) is a CDFI lender that provides special financing and technical assistance to small businesses, many of which do not easily meet the lending criteria of commercial banks. By meeting the specific needs of these growing businesses, TCC has been a catalyst in creating and retaining jobs in Southern California communities.
New Markets Community Capital provides below-market financing for commercial, retail and industrial projects in targeted redevelopment areas. Utilizing New Market Tax Credit allocations from the US Treasury Department, TELACU helps create jobs and generate economic activity in emerging communities.