Today is the second annual #FinHealthMatters day, a day-long Center for Financial Services (CFSI) campaign to draw nationwide attention to the fact that 57% of Americans struggle financially.
Opportunity Fund, an OFN Member CDFI, announced today that is has begun offering loans online to borrowers in 12 new states, in addition to increasing its investments in California’s small businesses.
Today, Octavio Blanco of CNN Money took a look at the negative impact that short-term financing—known as merchant cash advances—have on small businesses, and the alternative solutions that CDFIs provide.
CDFIs are high-impact investors that boldly bring innovative and transformative capital to the hardest to serve markets.