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.
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The USDA has announced a new funding opportunity for CDFIs: "This year for the first time, the USDA’s Community Facilities (CF) Loan program is open to CDFIs and other community l
OFN Members are always busy. From traveling across the globe, to working directly in communities, to speaking with members of Congress these daily actions and strategic efforts are well-documented in Member blogs. We are sharing a few snippets of what your peers have been up to!
Lending, grant, and social capital to scale up lending to diverse small businesses