I have consistently heard positive news and success stories about CDFIs in Idaho and across the country, and their responsiveness to the small business community.
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.
I have consistently heard positive news and success stories about CDFIs in Idaho and across the country, and their responsiveness to the small business community.
Small businesses are the backbone of the US economy. One estimate is that Small businesses
As a CDFI, we support areas that have had historical underinvestment and see a transformative impact to those communities over time. The CDFI fund has an excellent private investment track record that accompanies the Treasury investment, leveraging the funds at an $8 or more for every $1 from the CDFI fund. This helps incentivize investment in these communities, bringing greater prosperity to all and putting all Americans to work that can access these programs.
CDFIs provide access to capital for individuals who more traditional financial institutions would otherwise deny. The capital provided allows them to sustain or scale their business.