Want more state data? Check out CDFI Friendly America’s mobile-friendly CDFI Advocacy App for impacts from 2005-2023.
CDFIs support small businesses in ways that traditional financial partners are unable to. From flexible financing that supports growth, stabilize operations, and boosts local employment, to providing advice in all areas of business managements, to being there for the business owners as humans whenever needed. CDFIs are integral to the well-functioning of the financial system and of the economy as a whole.
CDFI funds are frequently the only source of funding and lending available to small, scaled community-oriented development in Minneapolis. Without access to those opportunities companies like mine would not be able to accomplish our development goals and create mid-scale projects related to the arts and market rate affordable housing.
CDFIs provide financial services, education and loans to support economic growth and development for families and small businesses. Many qualify, but are unable to secure needed funding through mainstream, traditional financial sources. The work of CDFIs enriches our communities and the quality of life for residents.