Concept · Fundraising and equity

CDFI

Also called: community development financial institution, community lender, mission lender, microloan, micro loan, microlender

Short for community development financial institution. A lender whose mission is to serve people and businesses that banks often turn away. Many make small business loans and offer coaching with the loan.

For example: A bank declines a new food business that has no credit history. A CDFI lends it a smaller amount and pairs the owner with a business coach.

Connects to 7

• Small business loan Concept
• TEDC Creative Capital Investor
• MetaFund Investor, nonprofit
• REI Oklahoma Investor, nonprofit
• Non-dilutive funding Concept
• Avanzando Juntos Investor, nonprofit
• Opportunity zone Concept

This glossary is plain-language orientation, not legal or financial advice. Before you decide on a company structure, a contract, taxes or a fundraising deal, talk with a lawyer or an accountant.