CDFI Friendly Fort Worth

Empowering Communities: How CDFIs are Fueling Fort Worth's Business Growth! https://lnkd.in/gNye7sDh

Interested in learning more about CDFIs? Let’s start with the basics. There are four different types of #CDFIs which include: ? Community Development Banks: Primarily for-profit institutions and are held to the same regulation standards as conventional banks. They raise capital through insured deposits from individuals, businesses, and organizations who bank with them, through subordinated debts, and from equity. Primarily, these CDFIs fund housing projects, provide loans to businesses for expenses such as commercial real estate or small business loans, and provide loans to individuals. ? Credit Unions are typically nonprofit, cooperative CDFIs regulated by NCUA, state banking agencies, and COSSEC. They focus their services primarily within the communities they are situated in and their capital comes from individuals and small businesses that deposit money and take out loans. They provide affordable credit lines and financial services for individuals and businesses. ? Loan Funds are predominantly nonprofits (however some are for-profit) that are unregulated. These CDFIs raise capital through unsecured and secured debt, EQ2 loans, and equity. Loan funds are good for individuals or groups looking for funding for microenterprises and small businesses, consumer or community loans, and both private and commercial real estate loans. ? Venture Capital Funds are unregulated CDFIs that are typically for-profit. They look to provide funding for businesses with high growth potential who are doing good within their communities or funding projects that will help the community build strength and resilience. Their capital mostly comes from equity, but also they sometimes take on debt. These funds organize loans for businesses. For more introductory information on CDFIs, look here: https://lnkd.in/gvM2WpCT

Happy Indigenous Peoples Day from CDFI Friendly Fort Worth! Today, we celebrate the rich cultures and contributions of Indigenous peoples. At CDFI Friendly Fort Worth, we are committed to supporting Indigenous entrepreneurs and fostering inclusive economic development. Let’s honor Indigenous cultures, support local artists and businesses, and advocate for justice and recognition. Wishing everyone a meaningful and joyful day! ???

?? Join the Inner City Capital Connections (ICCC) Dallas Cohort! ?? The 7th cohort launches on Tuesday, October 1st, at the Dallas College Bill J. Priest Center, featuring: ?? Expert Presentations: Insights from top business school professors. ?? Resource Panel: Engaging discussion with capital and technical assistance providers, including our very own Glenn Forbes! ?? Networking Reception: Connect with fellow entrepreneurs and industry leaders. ?? Schedule: - Resource Panel: 3:00 - 4:15 PM CST - Networking Reception: 4:15 - 5:30 PM CST Applications are open for the Dallas 2024 cohort, offering a tuition-free, 40-hour mini MBA. Don’t miss this chance to enhance your business! ?? Apply Now: https://lnkd.in/gcwSU7uy Support local businesses by sharing this opportunity! #ICCC #CDFIFriendlyFTW #DallasCohort #Entrepreneurship #Networking #MiniMBA

???? **Honoring 9/11: A Day of Reflection** ???? Today, we remember the lives lost on September 11, 2001, and the heroes who emerged. This day reminds us of our shared humanity and the strength found in unity. Let’s commit to supporting one another and building a brighter future together. #NeverForget #Unity #Resilience

Micro-lender DreamSpring is celebrating 30 years of operations. In that time, the company has given out $500 million.

?? **Fort Worth Entrepreneurial Spotlight!** ?? We are inspired by the success story of Oye Roofing Supply, highlighting the incredible entrepreneurial spirit in Fort Worth. Their journey showcases resilience, innovation, and the power of community. Check out their inspiring story here: https://lnkd.in/gKpXWNPd #FortWorth #Entrepreneurship #SuccessStory

Funded right down the road! Thank you Tarrant SBDC and CDFI Friendly Fort Worth. It's impossible to do this work without partners in the community! #cdcloans #texassmallbiz #FortWorth