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Small business loans

Many CDFIs lend to small businesses. Usually the goals for such lending include creating job opportunities in the community and providing income and building wealth for the small-business owner. In many cases, the lender has additional criteria, such as lending to women-owned businesses, minority-owned businesses, or cooperatively owned businesses. In some regions, lenders try to help people who have been caught in economic dislocation caused by changes in international competition or in the availability of natural resources on which an industry depends.

Real Stories

Sandy Ledray of Brookside Soap received a small business loan that allowed her to buy the equipment she needed to make Brookside Soap a real business.

Harrison Coleman's barbershop in Demopolis, Alabama, was started with a loan from the local credit union. Now it is a training ground for new entrepreneurs as well as a place to get a haircut.