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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