Community Lending
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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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Banks help Tulsa embrace a future that is equitable and successful for all
From job training and industry-recognized skills certificates to job placement services and financial literacy education, get to know one program helping low- and moderate-income residents of Oklahoma and southwest Missouri enter the workforce.
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Why are Native American-led CDFIs invisible to banks?
“In our 35 years extending credit to Native communities, not once has a bank invested in our work. Instead, we’ve relied on CDFI Fund grants, foundations, and philanthropic investors,” says Tawney Brunsch, executive director of Native CDFI Lakota Funds.
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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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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.