CDFIs finance community businesses, including small businesses, microenterprises, nonprofit organizations, commercial real estate, and affordable housing.
To find an OFN Member CDFI in your state, use the search criteria below. You can also visit our Member Profile Directory to learn about their important work.
AmPac finances and fosters small business success at all stages of growth to make communities better and families stronger
Established in 1991, Atlanta Neighborhood Development Partnership (ANDP) is a leading advocate for the development and preservation of affordable housing in the greater metropolitan Atlanta region. The ANDP Loan Fund (Previously known as Community Redevelopment Loan & Investment Fund) provides financing to nonprofit and for-profit housing developers that create affordable housing, mixed income, and mixed-use projects. Since inception, the ANDP Loan Fund has loaned over $40 million to help finance nearly 5,300 units of affordable or mixed-income single-family and multi-family housing. The majority of funded units target families earning below 80 percent of Area Median Income, providing a tremendous opportunity to uplift low– and moderate-income families. We currently prioritize projects related to foreclosure redevelopment and neighborhood stabilization in the 10-county metropolitan Atlanta region. To meet these community development capital needs, the ANDP Loan Fund currently offers predevelopment, acquisition, construction, bridge, and mini-perm financing.
Appalachian Community Capital was created in 2013 to increase small business lending by providing underserved communities with new sources of capital.
Appalachian Community Federal Credit Union (ACFCU) is dedicated to providing community and economic development to underserved individuals and businesses that lack adequate access to capital, high quality financial services, and financial counseling in its service areas of East Kentucky, Northeast Tennessee and Southwest Virginia.
Appalachian Growth Capital, LLC (AGC) builds enduring, widely-shared prosperity in Appalachian Ohio by assisting small businesses in obtaining the financing they need to grow at reasonable rates and terms. AGC is the only local CDFI serving Appalachian Ohio. It offers five primary services: 1) Core Loan Program: Provides small businesses gap-financing on affordable terms; 2) Specialty and Micro Loan Programs: Addresses market niche's and populations with additional barriers to accessing credit; 3) Credit Underwriting Services: Helps deploy capital of small business loan funds that do not have sufficient in-house expertise to underwrite their own loans; 4) Business Financial and Credit Counseling: Helps businesses organize accounting systems and manage their finances and balance sheet to qualify for financing; and 5) Assistance Placing Bank and Private Financing: Helps small businesses organize and present their financial information to private sector lenders that are a good match with their financing needs.
Counties Served: Humboldt, Del Norte, Lake, Mendocino, Siskiyou and Trinity Counties in CA
Arcata Economic Development Corporation provides leadership throughout the Northcoast of California for regional planning and economic development in accordance with sound environmental practices. The primary objective of the Corporation is to benefit the region as measured by increased employment, economic diversity, and higher family incomes. Arcata has financed $34 million and over 500 businesses.
Arkansas Capital Corporation, private nonprofit formed in 1957, has deployed in excess of $1.5 billion of capital while serving its mission “Fostering economic development, creating and preserving employment opportunities, and stimulating the growth, expansion and modernization of small businesses located within the State of Arkansas, including an emphasis on serving the underserved communities and citizens within the state.”
Arkansas Capital Corporation provides capital to businesses in Arkansas that fall outside of the lending policies of banks. We do this by utilizing financing products from: Small Business Administration (7a and 504 loan products), United States Department of Agriculture (USDA B+I loan products), Department of Treasury (CDFI and New Market Tax Credit products) and the Department of Homeland Security (EB-5 product). Additionally we provide entrepreneurship educational opportunities within the state of Arkansas in conjunction with Arkansas colleges and universities, middle schools and high schools throughout the state.
Baltimore Community Lending (BCL) is a Community Development Financial Institution whose mission is to support the revitalization and strengthening of Baltimore neighborhoods through innovative and flexible financial assistance. BCL provides real estate financing to create affordable housing and neighborhood commercial properties through acquisition and construction loans to homeowners and non-profit and for-profit developers. Its products include permanent and mini-perm mortgages and construction loans. Since 1989 BCL has financed more than $165 million in support of low and moderate income neighborhoods in Baltimore.
CDFI Overview
Bankable and Flagship Enterprise Capital (FECap) create economic opportunity for underserved individuals and communities by providing access to capital, education and resources to build the small businesses.
Bankable and FECap (a certified CDFI) lends to entrepreneurs that are unable to secure capital from traditional banks. In 2010 the Bankable loan program was developed with the ability to lend up to $250,000 to help start, grow and sustain small businesses, Since 2010 we have become the largest SBA Microlender in the state of Indiana, and the second largest SBA Microlender in the country. In early 2017, Bankable developed an additional resource for especially underserved entrepreneurs by establishing FECap. FECap lends up to $50,000 to low-to-moderate income small business owners.
To date Bankable has made just over 600 loans totaling nearly $19.5 million. Just in our 2017, Bankable lent about $5.2 million through 106 loans.
Reason for becoming an OFN Member
At Bankable and FECap we are working to grow our impact among low-to-moderate income communities and bring much needed financial resources to the many entrepreneurs living in these same communities. We believe entrepreneurship and owning a business is part of the American dream and our mission is to assist in making this dream attainable to our fellow Hoosiers. By joining OFN we are joining a network of mission driven institutions who are all working towards creating a more stable and inclusive economy for small business owners. OFN’s mission to ensure that low-income, low-wealth, and other underserved people and communities have access to affordable, responsible financial products and services aligns perfectly with our mission to support entrepreneurs in Indiana. Bankable and FECap want to be on the forefront of economic inclusion and opportunity.
BCL of Texas is a 501(c)(3) nonprofit economic development organization providing lending, homeownership, entrepreneurship, and community development programs to fulfill our mission of Building Strong Communities across Texas.
