As a CDFI Lender, we are able to help small businesses, and underserved areas survive. Without this help, many of these businesses would not be able to continue to exist.
As a CDFI Lender, we are able to help small businesses, and underserved areas survive. Without this help, many of these businesses would not be able to continue to exist.
We have been able to utilize NMTC and without this financing many of the projects we have done in Minneapolis would not have been possible. It’s been a wonderful facility to support small businesses, economic development, and critical services to low-income communities. Please continue these programs, they do make a difference.
I am a real estate broker and development consultant working with emerging developers, small businesses and nonprofits. Many of my clients cannot finance their projects with traditional debt and equity because they don’t come from generational wealth and because their projects are more challenging because they are in markets that are not achieving their full potential yet or meeting critical community needs that don’t produce quite as much profit. CDFI lending has stepped in the gap to solve dozens of critical projects that just need a little boost to get to the finish line, and CDFIs are critical partners to Platform’s work.