Small businesses that received Paycheck Protection Program loans from community development financial institutions graded those lenders well for customer satisfaction in a new Federal Reserve survey of 15,000 businesses, American Banker reports... Read more
Even after the U.S. Small Business Administration expanded availability to the groups hit hardest by the Covid-19 economic downturn, local lenders and business experts say more needs to be done to help underserved businesses.
Community First Fund President and CEO Dan Betancourt frequently visits the businesses his community development financial institution, or CDFI, serves. A recent visit to a Vietnamese restaurant displayed the information gap that hurts so many... Read more
Hope Enterprise Corporation, with a commitment from Goldman Sachs 10,000 Small Businesses of up to $130 million, has partnered with seven cities, and nine historically Black colleges and universities (HBCUs) to launch the Deep South Economic... Read more
Despite being the fastest-growing segment of the U.S. small business ecosystem, Latinos continue to struggle to secure capital from national banks.
That’s according to the State of Latino Entrepreneurship 2020 research study from the... Read more
Americans want to support their local economy by shopping small. More than half—53%—of consumers indicated that they are more likely to buy from a local business than a national retailer during the coronavirus pandemic, according to ZypMedia, a... Read more
Aligning capital with justice is the north star for Community Development Financial Institutions (CDFIs). We are in the social impact business – whether the route is loans to early education providers, micro-loans to entrepreneurs of color,... Read more
If there is anything that I’ve learned during my time as a student, it’s that diverse representation within the student body, teaching staff, and curriculum is very important. Since elementary school, I’ve never really seen myself represented in... Read more
In what the Treasury Department is calling a "historic vote," the Senate, confirmed Janet Yellen as the Secretary of the U.S. Treasury Department.
The 74-year old will serve on an economics team that President Joe Biden says ... Read more