Sunrise Banks’ Community and Strategic Lending (CSL) division provides financing that develops local neighborhoods and enriches the lives of community members. CSL represents projects outside the scope of traditional business lending and includes providing capital for municipal development and the creation of loan pools to fund community projects.
This business line deals with incentive and tax credit programs that utilize partnerships between local governments, nonprofit organizations and small businesses. CSL can help produce affordable housing, create energy efficient renovations, preserve historic landmarks and pool funds from like-minded donors to create positive change in local communities.
These specialized projects allow Sunrise to support its local community through innovative finance. Some examples of CSL projects include:
- New Markets Tax Credits
- PACE Financing
- Tax Increment Financing
- Community Development Corporations
- National Consumer Loan Acquisitions