The impact CDFI organizations make through their lending programs helps communities by providing financing that helps create or expand a small business, create or sustain jobs, and offers communities an expanded tax base.
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 impact CDFI organizations make through their lending programs helps communities by providing financing that helps create or expand a small business, create or sustain jobs, and offers communities an expanded tax base.
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.
Our organization serves entrepreneurs and small businesses in Southeast Missouri. Located in the 8th Congressional District, the poorest district in the state, our customers rely on our program and the funding available through programs like the CDFI to get started and stay open. While not a CDFI yet we have plans to apply for TA and move forward for certification this year.
This is greater than just the CDFI Fund. There are countless of small businesses that cannot get financial support in a traditional lending institution.