We cannot abandon Community Development Financial Institutions (CDFIs), who do measurable, positive work in our communities.
We cannot abandon Community Development Financial Institutions (CDFIs), who do measurable, positive work in our communities.
As a certified CDFI and SBA lender, our organization directly serves the communities and businesses this administration is working to support. We provide capital to small manufacturers, job-creating entrepreneurs, and individuals acquiring businesses from retiring owners-the so-called “silver tsunami.” Our work helps keep vital businesses operating and people employed. CDFIs are a proven and effective mechanism for delivering capital where it is needed most. With continued federal support, we stand ready to expand our impact and remain on the front lines of economic development in underserved communities across the country.
CDFIs provide extraordinary support to many people who otherwise would not be able to access ordinary banking and credit opportunities. They are frequently located in banking deserts”