CDFIs are most proximate to communities needs and provide responsible, flexible capital solutions that support new business starts, job creation / retention, financial acumen building and skills development, and delivery of critical goods and services to opportunity rich communities.
Our credit union has been a certified institution since 2017 if not for the [CDFI] program we could not lend to individuals that have a problem getting funding if this program is not funded many citizens who are in financially weakest position the most.
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.