Infrastructure for lending has long been exclusionary and insufficient. As a result, entrepreneurs of color often lack access to needed capital to grow and sustain their businesses. The COVID-19 crisis has made an already difficult situation dire for many small business owners. How can we help entrepreneurs of color on the path to recovery? What is the role of community development financial institutions (CDFIs) as lenders, and what can we do to overcome some of the obstacles these organizations face?
We look at CDFIs as the front line on being able to reach the smallest, most local, hardest to reach businesses, the businesses that . . . may not have relationships with traditional banks.
Watch the full video about lenders for entrepreneurs of color at The Aspen Institute.
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