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Community Development Financial Institutions, or CDFIs, primarily provide loan financing to businesses in areas that need economic development. CDFIs make loans that are generally ‘unbankable’ by traditional industry standards. The idea behind a CDFI is simple and powerful, a community makes viable loans to businesses that can help the area grow and prosper. From startups to established companies, those that can demonstrate the ability to repay a loan but whose loan proposal is unbankable, should look into CDFIs.
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Most CDFI loans are priced according to risk as opposed to the cost of funds. In some instances, these loans may be less expensive than mainstream financing. Many Community Development Financial Institutions also assist companies in getting loans from other institutions.
To learn more, contact a Nevada Corporate Headquarters representative at 1-800-508-1729.