As mission-driven community lenders, CDFIs play an important role in the financing ecosystem. They work with small business owners who have traditionally struggled to access capital from traditional sources, such as banks. CDFIs offer a wide range of financing options for businesses including term loans, lines of credit, credit cards and real estate financing. Product offerings will vary between CDFIs.
Community Development Financial Institutions, or CDFIs, are financial institutions that have a primary mission of community development and provide credit and financial services to underserved markets and populations. Most CDFIs are certified by the U.S. Department of Treasury’s CDFI Fund. CDFIs include banks, credit unions, certain non-profit organizations, and loan and venture capital funds. You can learn more at cdfifund.gov.
Wells Fargo has a long history of supporting CDFIs through philanthropic grants and investments that are used to extend capital to businesses in communities across the country. CDFI matching services offered through this Small Business Resource Navigator are made possible by a Wells Fargo Open for Business Fund grant to Community Reinvestment Fund, USA. Community Reinvestment Fund, USA, is not a subsidiary or affiliate of Wells Fargo, and maintains full discretion over the Small Business Resource Navigator, including its content, resources, product offerings, CDFIs listed, privacy, and security. Credit decisions are made independently by each CDFI.