We’re excited to announce that Pursuit will receive a $1 million investment from the Spectrum Community Investment Loan Fund created by Charter Communications. The investment will support our Community Finance arm which administers the Pursuit SmartLoan and other specialized loan programs.
We are one of the first two CDFIs to receive an investment from the Fund to provide affordable financing to businesses in New York State, which will be paired with a grant to provide training and technical assistance to business owners.
“Pursuit welcomes the Charter investment, which will help catalyze responsible lending to neighborhood small business in communities throughout New York State,” said Steve Cohen, president of Pursuit Community Finance. “It is noteworthy to have a public company express a commitment to community lending alongside our more typical bank investors.”
We look forward to this new partnership with Charter Communications! Read the full press release here.