The power and promise of Latino entrepreneurs and small businesses in low- to moderate-income, or LMI, communities are undeniable. Study after study shows their immense size and potential. Just consider this stat: There are more than 4 million Latino-owned businesses in the U.S., and together they generate $660 billion in revenues. However, another study points out that this subset is growing at a slower pace compared to their non-Latino counterparts, resulting in a $1.3 trillion revenue gap.
As part of their series on Financial Inclusion, the Wall Street Journal recently conducted a series of interviews with Philadelphia-based small businesses as well as OFN's own Lauren Stebbins, Vice President, Small Business who shared insights into the drastic consequences a high-risk loan can ha
January 8, 2018 (Minneapolis, MN)—Community Reinvestment Fund (CRF) has announced a new partnership with U.S. Bank to deliver a new solution for connecting small business borrowers with responsible lending opportunities across the country.
On Friday, October 20 the Enterprise Center in Philadelphia hosted a hearing titled "Small Business Capital Access: Supporting Community and Economic Development." The hearing was held before two representatives
Opportunity Finance Network is excited to partner with the Federal Reserve Banks again this year on the Small Business Credit Survey, a national survey of small business owners/managers.