Bank of America Launches Directory Listing Sources of Capital for Small Businesses

  • 9 years ago
CHARLOTTE, N.C., October 1, 2015 /3BL Media/ – Bank of America announced today the launch of an online community development financial institution (CDFI) directory to connect small businesses to more capital. This nationwide directory, www.bankofamerica.com/cdfi, will enable entrepreneurs and small business owners to find a CDFI in their community, creating an opportunity to access funding to help grow their businesses.

Many small business owners and others are unaware that CDFIs are nearby and can provide capital and technical support including business plan development, marketing basics, management training and more. CDFIs are private-sector local loan centers that offer financing for small businesses, affordable housing and other economic revitalization projects, primarily within low- and moderate-income communities. CDFIs are often a good source of capital for those who may not qualify for a traditional bank loan.

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