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.
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.
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.
The Black Business Investment Fund (BBIF) is a Certified Development Financing Institute (CDFI) and a Community Development Enterprise (CDE) lending institution that specializes in aiding micro, small and minority business owners in building their management capacity and in providing loan capital. The BBIF has served Central Florida's business community for over twenty years through the provision of direct loans, loan guarantees, technical assistance, and advocacy. The BBIF's core business is specializing in providing direct loans and developing business owner's management skills. The organization is primarily interested in projects and activities that have an economic and a community development impact, business investment, charitable, or educational focus.
BlueHub Capital, formally known as Boston Community Capital (BCC), is a Community Development Financial Institution whose mission is to build healthy communities where low-income people live and work through socially responsible lending and investing. BCC provides financing to create affordable homes, social services, childcare facilities, and youth programs, and provides equity capital to emerging businesses that offer strong social return. Since 1985, BlueHub has committed more than $150 million to low-income communities.
BOC Capital Corp is a technical assistance led microlender catering to underserved markets and borrowers throughout New York City. Using flexible and non-traditional evaluation criteria, BOC Capital provides innovative loan structures to assist promising entrepreneurs in growing their business. BOC Capital makes loans of up to $25,000 and has established relationships with banks and other microlenders with whom we partner to satisfy the needs of a wide range of clients. The majority of BOC's clients are women and/or ethnic minorities working or living in the Borough of Brooklyn.
