Small Business
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Community bank provides critical capital so small businesses can stay afloat
CDFI helps two business owners in Philadelphia’s Chinatown find a lifeline, and a partner, right in their own backyard.
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![[Watch] Innovative Models to Create a More Equitable Lending Landscape for Underserved Entrepreneurs](https://fedcommunities.org/wp-content/uploads/2021/07/smallbusiness-connectingcommunities-1920x1280-1.jpg?w=1024)
[Watch] Innovative Models to Create a More Equitable Lending Landscape for Underserved Entrepreneurs
When COVID-19 hit the US, it became clear that millions of Americans and small businesses were disconnected from the banking system. This Connecting Communities webinar covers partnerships and programs created to help fill the capital void for the small businesses struggling most. Watch on demand.
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2021 CDFI Survey Key Findings
From March 22 through May 14, 2021, the Federal Reserve fielded the 2021 CDFI Survey. Here’s what 345 CDFIs said about their financial well-being throughout the COVID-19 pandemic, operational gaps and challenges, and effects on clients and communities they serve.
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![[Watch] A Year of Crisis, and Now What? Where Our Main Streets Go From Here](https://fedcommunities.org/wp-content/uploads/2021/04/small-business-closed-covid19-1920x1280-1.jpg?w=1024)
[Watch] A Year of Crisis, and Now What? Where Our Main Streets Go From Here
Minority small-business owners and community lenders joined us for a virtual event to discuss where they are at this stage of the pandemic, what they need going forward, and who can and should help. Watch on demand.
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What do CDFIs need in 2021? Federal Reserve survey aims to find out
The Federal Reserve wants to hear about challenges facing Community Development Financial Institutions to help inform policy recommendations and programs. Take the 2021 CDFI survey March 22 – April 23, 2021.
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‘The future … remains unpredictable’: Nonprofit and community lender team up for Philly’s Chinatown
When the COVID-19 pandemic spread here, the Philadelphia Chinatown Development Corporation used Paycheck Protection Program money to help residents and businesses. More support will be necessary.
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‘Like Family’: Struggling Small Businesses Appreciate Community Bank’s Reaching Out
“Customers told us, ‘You saved our businesses. You saved jobs. We wouldn’t have made it if you guys weren’t here and didn’t walk us through this.'”
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Survey findings highlight CDFI adaptability despite COVID-19 uncertainty
From Jul 20–Aug 14, 2020, the Fed surveyed 229 community development financial institutions during COVID-19. Here’s how they responded.
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‘A Real Trying Time’: Community Lender Gets Much-Needed Dough to Cheesesteak Restaurant
Kansas City’s Steak’M Take’M needed help when the pandemic paralyzed the economy. A lender supporting minority-owned businesses provided PPP relief, made to order.
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‘A Fish with Very Little Water’: Businesses Deep in the Desert Qualify for PPP Loans with Help from Rural Lender
Germaine Simonson owns essential businesses in Arizona’s Navajo Nation. Parched for support, she turned to a rural lender to get through the pandemic dry spell.