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Community Development Financial Institutions

Why Mission-Based Lenders Are Essential to U.S. Communities 

Gina Harman | Posted 07.13.2016 | Impact
Gina Harman

Everyday business owners are finding it increasingly difficult to get the financial resources they need to grow and prosper. Since the recession, small business loans on bank balance sheets have declined by 20%, while loans to medium and larger enterprises have increased by about 4%.

Bank Of America To Deliver $10 Million In Grants For Nonprofits

Posted 05.25.2011 | Impact

Bank of America Corp. will announce on Thursday the delivery of $10 million in grants for nonprofit organizations that lend to small and rural busines...

Not all of the Financial News Is Bad

Byron Williams | Posted 05.25.2011 | Business
Byron Williams

CDFIs base their success on the antiquated formula of going out and meeting their potential borrowers, assessing the potential to repay loans based on the borrowers' assets.