CDFIs Assisting Businesses During the COVID Crisis
There are over 1,000 CDFIs across the country with extensive experience providing patient capital to meet the needs of businesses and families in economically distressed communities. CDFIs also provide technical assistance and support to triage distressed businesses. This experience makes them uniquely suited to tackle the challenges facing businesses over the coming months.
Support Small Businesses in Hard Hit Communities Through the CDFI Fund
Proposal: Congress should Provide $1 billion in emergency appropriations to the CDFI Fund
Learn how four CDFIs are responding to the COVID Crisis:
PACE, Los Angeles
“In response to the COVID-19 pandemic, Pacific Asian Consortium in Employment (PACE) has established the PACE AID (Assistance in Disaster) Program to provide technical assistance & capital to Los Angeles’ small business community.”
Capital Impact Partners
“Across the country, communities are grappling with the health and financial impacts of the COVID-19 pandemic, with disinvested communities being disproportionately affected. Capital Impact Partners has pulled together resources to help our communities and partners respond.”
Association for Enterprise Opportunity
“We know that small and microbusinesses and the organizations that serve them need support during this challenging time. That’s why we’ve created a centralized, curated directory of COVID-19 resources for intermediaries and small business owners.”
Pathway Lending
“We’re here for your business – during these new and rapidly evolving health and economic circumstances, we want you to know that above all else.”