Why haven’t I heard of CDFIs before?

Why haven’t I heard of CDFIs before?

Uncategorized
CDFIs are a tough acronym to remember. We get it. It stands for Community Development Financial Institutions - yet another mouthful. We think the easiest way to describe them is - lenders for the community. So..say you have a dream of opening up your own business. You have the drive, a great idea, and all you need is to borrow a few bucks to get it going or keep it going. Unfortunately, your options are not so great. Sorry to break the news, but not all lenders are the same and the online lenders you’ve heard of typically charge small businesses 6 to 7x more than large banks to access money. Yup. But wait, this is where CDFIs come in! They provide small businesses fair capital and business coaching. And…
Read More