A CDFI is a private financial institution that provides loans and other types of financial services to underserved businesses and individuals. This typically includes businesses in low-income or underdeveloped areas, as well as those owned by or serving women or minority populations.
Though it helps, you don’t necessarily need to fall into any of these categories to take advantage of what CDFIs have to offer. They’re also one of the few places that offers financing to non-profits.
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