Community Reinvestment Act (CRA): What It Is & Proposed New Changes
The Community Reinvestment Act (CRA) helps bring responsible loans to low-income communities that need capital to grow. Changes have been proposed to make the law even more impactful. History of the Community Reinvestment Act (CRA) CRA encourages FDIC-insured...
How to Find the Right Lender for Your Business: 5 Key Questions to Ask Before You Apply
Here’s the secret to navigating the finance industry as a small business owner: lenders and banks don’t tell you what they don’t do. This is true of all businesses and service providers, and it’s no different in the finance world. Anything else is just bad marketing....
CDFIs and MDIs Make an Impact Through ECIP Funds
In simple terms, Community Development Financial Institutions (CDFIs) and Minority Depository Institutions (MDIs) need to bring in capital in order to lend it out in smaller amounts to businesses that need it most. The Emergency Capital Investment Program (ECIP)...
Tips for Success: SBA Form 413 in Plain Language With Video
The Small Business Administration and lenders who provide SBA loans ask applicants to complete Form 413 as a required part of the application process. This article gives you clear information about the form that isn’t in financial industry language, and step-by-step...
Recent Comments