assistance is one of the defining aspects of community development
lending. Rather than allowing borrowers to sink or swim on their
own, CDFIs provide advice, consultation, and training in basic
business practices such as accounting. For many first-time entrepreneurs,
this technical assistance is as important as the loan itself.
Jack Billman of Hillbilly
Logging, started this new lumber-thinning business with a
loan and technical assistance from a CDFI.