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Exploring alternative funding options: What is a CDFI?

Are you a small business owner looking for alternative funding options beyond a traditional bank loan? A CDFI loan might be the answer you’ve been looking for.

While traditional bank lending is down, organizations called community development financial institutions, or CDFIs, are stepping up to fill the void by focusing on supporting small businesses and local economies in a holistic way. So what is a CDFI?

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What small business owners need to know about SBA’s loan guarantee program

Are you a small business owner interested in taking out a loan? The U.S. Small Business Administration’s loan guarantee program can help small business owners who are unable to get loans from traditional banks.

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Boost Your Loan Application by Learning the 5C’s of Credit

If you’ve been looking for financing for your small business, you’ve most likely considered taking out a loan. Unfortunately, most banks view small businesses as a risky investment, but one way to boost your chances to secure a loan is to understand what lenders will analyze when considering your application. Lenders use the 5 C’s of credit to measure your “creditworthiness” and your ability to repay a loan.

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2016 Small Business Credit Survey Highlights the Lending Landscape

Timely information on small business financing needs, decisions and outcomes is critical to understanding and fostering the sector’s health and growth.

To provide these insights to policymakers, researchers and service providers, the Small Business Credit Survey is a national collaboration among the 12 Reserve Banks of the Federal Reserve System. In 2016, it yielded 10,303 responses from small businesses with employees, or employer firms across the country.

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Philly Lenders Take New Approach on Small Business Loans

The Philadelphia Capital Consortium, an initiative of the Philadelphia Department of Commerce, was launched last summer to help improve access to capital for small businesses throughout Philadelphia. The consortium is taking an innovative approach to getting capital into the hands of small business owners. Read more here.

Tags: Access to Capital, Funding, Small Business Borrowers’ Bill of Rights Read More »

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