CDFIs are a lifeline for many small business owners who cannot get traditional financing from large banks.
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.
CDFIs are a lifeline for many small business owners who cannot get traditional financing from large banks.
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.
The shift in business models among banks and credit unions—along with ongoing consolidation and the retreat from rural markets—has left a growing number of entrepreneurs without access to traditional financing. In response, MoFi and other CDFIs have become critical entry points for future bank customers.
When traditional financing felt out of reach, Access CDFI offered more than a loan. We provided the support, encouragement, and confidence to help bring her vision to life.