The work of CDFIs and the CDFI Fund is critical for so many small businesses, real estate developers, nonprofits, and communities across the United States.
The work of CDFIs and the CDFI Fund is critical for so many small businesses, real estate developers, nonprofits, and communities across the United States.
CDFIs are not just banks. They are lifelines. Without them, thousands of small businesses-many in overlooked neighborhoods (urban and rural) – would never get access to capital, training, and the support they need to survive, let alone thrive.
Since its inception in 1994, PeopleFund – a CDFI and SBA Lender – has deployed more than $1.2 Billion in financial assistance in areas that needed jobs and revitalization in Texas. Almost 60% of this growth took place in the last 5 years. We are also the managing member of the Veteran Loan Fund, a collaborative effort of a growing number of CDFIs across the country supporting Veterans and Veteran spouses start and grow their businesses.