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Business Finance Scholarship


CNF Exchange Business Finance Scholarship


The CNF Exchange Business Finance Scholarship recognizes undergraduate students from all educational backgrounds who would like to draw upon business and finance knowledge or research to explain what information is important to analyze and receive from small businesses in order for a commercial bank lender to grant a business loan.  For the 2012-13 academic year, two students will be recognized with an award of $500 each.

After the Financial Crisis of 2008, many businesses found it difficult to obtain business loans from commercial banks and other traditional financing sources. Lenders found it difficult to lend during the economic recession due to declining business trends, increased regulatory pressures, and the increased losses as a result of the declining economic condition, among other factors. Businesses needed to be able to deal with these tightened lending standards while simultaneously tending to declining business operations. The importance of understanding what commercial lenders analyze and need in order to provide small business loans is critical to an uninterrupted continuation of business operations.


Applicants must:

  • Be high school seniors or graduates or be current undergraduate students
  • Plan to enroll in full-time undergraduate study at an accredited U.S. four-year college or university for the entire 2012–13 academic year (excluding proprietary and online schools)
  • Be U.S. citizens or maintain legal residency within the United States
  • Excluded from consideration are employees and relatives of employees of CNF Exchange.

Award Criteria

Scholarship recipients are selected based on the following factors:

  • Academic achievement and financial need
  • GPA of 3.0 or higher
  • The essay component of the application
  • Students from all disciplines and fields of study are invited to apply
  • Application deadline is November 30th for the 2012-13 academic year.

Selection of recipients is made by a scholarship committee appointed by CNF Exchange employees and appointed volunteers. All scholarship recipients may be subject to a criminal background check. Recipients of a CNF Exchange Business Finance Scholarship shall not commit any act that indicates dishonesty or moral turpitude or that otherwise could materially injure the CNF Exchange's reputation. If such an act is committed by a CNF Exchange Business Finance Scholarship recipient, the award shall immediately be revoked. All applicants agree to accept the decision as final.

Award Amounts

For the 2012-13 academic year, the CNF Exchange Business Finance Scholarship will award two scholarships of $500 each.

Disbursements of the award will be made in one increment of $500, for the spring semester of the 2012-2013 academic year.

Awards are for undergraduate study only.

The actual award amount will not exceed the total cost of the student’s tuition, fees, books, supplies, room and board and other allowable expenses, less other gift aid known at the time of application. The scholarship award is contingent upon full-time enrollment.

Recipients will be announced on the CNF Exchange Facebook page on December 31, 2012.

How to Apply

The application consists of an information summary, a statement of financial need and a 750 word essay.

Applications can be downloaded here and emailed to This e-mail address is being protected from spambots. You need JavaScript enabled to view it .

Applications must be received by November 30, 2012.