CDFIs in Missouri provide essential capital to help small businesses grow and contribute to the economy and their families. We must not delay in ensuring these critical organizations have the resources necessary to continue supporting the resilience of businesses, families, and communities across our state and our country.
CDFIs bridge an important gap in capital between fully bankable and not yet bankable deals reaching out to Socially and Economically Disadvantaged Individual business owners to grow our economy.
CDFIs create financing that banks won’t do. We have used CDFI funds for mobile home financing on older mobile homes. The portfolio has a 100% success rate with the funds coming back, revolving and helping another family with affordable housing option.