The CDFI funds are critical to supporting entrepreneurs start up new small businesses which are the backbone of our economy. Without this funding, new jobs cannot be created and local tax bases will not grow. Please support small businesses!
Thank you to our partners at Inclusive and CDBA for sharing data on CDFI Bank and CDFI Credit Union branch locations. In addition, about 100 of our CDFI Stories come from OFN’s story database.
The CDFI funds are critical to supporting entrepreneurs start up new small businesses which are the backbone of our economy. Without this funding, new jobs cannot be created and local tax bases will not grow. Please support small businesses!
CDFIs are critical to our economy. They step in where banks can’t – or wont – go. They leverage hundreds of millions of private dollars every year and invest them in underserved businesses and communities, based on need and impact. This is an effective, efficient public-private solution to pressing social and economic issues throughout our country.
As a CDFI, we are able to provide loans and investments to borrowers for projects that improve the quality of life in our community’s low to moderate income census tracts. Frequently, these transactions are not supported by financial institutions directly under competitive terms and conditions that we as a CDFI can make.
CDFIs make banking accessible for entrepreneurs and small businesses that often lack the institutional knowledge and networks to feel confident in the lending space. CDFIs are a critical tool that helps diversify our economy.