Funding Futures: Scale Link’s New Secondary Market for CDFI Loans is Strengthening Underserved Small Businesses
Locally-owned small businesses are almost universally admired. Yet, in a banking industry where bigger is seen as better, warm words rarely translate into hard cash.
Small businesses have become a viable pathway towards economic mobility for entrepreneurs and the cornerstone of community development revitalization efforts in historically underinvested communities. However, minority-owned businesses have had to overcome multiple barriers when it comes to securing the necessary capital to establish and scale their businesses.