In this episode, we will dive deep into the concept of Community Development Financial Institutions (CDFIs) and why they serve as an alternative for small and minority-owned businesses with guests Rasheedah Cook & Onel Villares.
https://www.gnec.org/business-loan-services/entrepreneurs-of-color-fund-newark/
As a Community Development Financial Institution, we approach lending differently than traditional financial institutions. We do not just examine and make decisions based on credit scores but specialize in ways to help clients who may have difficulty accessing capital from traditional means. We assist entrepreneurs to grow economically stable businesses by helping them secure access to funds. Additionally, we provide the resources and know-how to close the racial funding gap to help make our clients bankable.
