CDFIs bridge an important gap in capital between fully bankable and not yet bankable deals reaching out to Socially and Economically Disadvantaged Individual business owners to grow our economy.
Want more state data? Check out CDFI Friendly America’s mobile-friendly CDFI Advocacy App for impacts from 2005-2023.
CDFIs bridge an important gap in capital between fully bankable and not yet bankable deals reaching out to Socially and Economically Disadvantaged Individual business owners to grow our economy.
CDFIs provide critical support to low- to moderate-income communities in the form of loans and technical assistance. This support provides individuals and businesses unable to access traditional financing the opportunity to build their financial acumen, responsibly manage debt while building credit scores and wealth, and eventually graduate to accessing traditional banking products. In the meantime, these individuals are able to start or expand businesses, become homeowners, purchase vehicles, and access capital to cover emergency situations. CDFIs played a critical role with this activity during the pandemic and are part of the essential fabric when it comes to uplifting local economies and providing individuals with a path to the American dream of homeownership and prosperity in a way that promotes self-sufficiency and self-reliance.
CDFIs do vital work to support individuals and small businesses in our communities. Please make sure this funding continues!