CDFI Loans For Small Business

Small business often finds it difficult to borrow money for operations and growth from commercial banks or other traditional sources of financing. This is especially true in economically distressed communities.

Government backed programs may provide a valuable alternative for small business in these areas, providing access to capital and other assistance that might not otherwise be available.

One such program is the Community Development Financial Institutions Fund (“CDFI Fund”), whose mission is to “promote access to capital and local economic growth in urban and rural low-income communities across the nation.”

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Published In: Business Organization Updates, Communications & Media Updates, Finance & Banking Updates, Franchise Updates, Labor & Employment Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Peter S. Bauman - Senior Commercial Litigation Attorney Callahan & Blaine, (714) 241-4444 (office) / (949) 842-1720 (mobile) | Attorney Advertising

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