Fund Earmarks $50 Million for Small Businesses

CRAFund Advisors http://www.crafund.com/ is focusing on minority entrepreneurs and communities damaged by natural disasters.

Minority entrepreneurs will soon have more potential capital at their disposal, following the expansion of an investment fund designed to help small businesses.

CRAFund Advisors, a Weston, Fla.-based money-management firm, announced Thursday that it is expanding its $15 million stake in small-business loans to $50 million. The CRA Qualified Investment Fund (CRAIX) focuses on minority communities, as well as communities ravaged by natural disasters such as Hurricane Katrina. CRAIX is the first mutual fund of its kind devoted to investing in community-development projects, according to its managers.

From: Inc.com By: Melanie Brooks

Full Story: http://www.inc.com/criticalnews/articles/200602/fund.html