Scale Link

? Countdown! ? Only a few days until the Wolters Kluwer CRA & Fair Lending Colloquium in Orlando, Fl. We’ll be hosting a booth on the convention floor –– will we see you there? #CRA #Compliance #FinancialServices

Scale Link is bringing the beach to the 2024 CRA & Fair Lending Colloquium! Swing by our booth to enter our raffle for a chance to win one of our fabulous beach-worthy gift bags, each with a Scale Link water bottle, cozy Turkish towel, beach bag, and a few more sunny surprises! ??????? #ScaleLink #BeachRaffle #ConferenceFun

Scale Link helps banks connect with entrepreneurs and small businesses in their communities. Read more about our work with Byline Bank here: https://lnkd.in/em-65fSb #BankPartner #SmallBusiness #SmallBusinessLoans

At Scale Link, we help banks purchase small business microloans originated by Community Development Financial Institutions (CDFIs). These purchases not only deepen your bank’s impact in underserved communities but also help fulfill your Community Reinvestment Act (CRA) obligations—especially for small businesses with under $250K or $1M in gross annual revenue. It's vital for banks to stay informed on key changes, particularly the new Retail Lending Test. Whether due to size or opting in, banks subject to this test will need to adapt their strategies to remain compliant and impactful. #CRA #SmallBusinessLoans #CommunityDevelopment #CDFIs #Banking #ScaleLink

Looking forward to the 2024 CRA & Fair Lending Colloquium in Orlando? So are we! Schedule a meeting with us during the conference and enjoy a unique treat: astronaut ice cream! ?????? #ScaleLink #CRAColloquium #giveaway #conference

At Scale Link, our mission is to make financial solutions more accessible and efficient for CDFIs. We’re thrilled to share our successful partnership with TMC Community Capital, a dedicated organization working to empower small businesses and underserved communities. "The Scale Link team really is trying to make it easier for CDFIs. They worked to provide us the opportunity to sell within the timeframe that worked for us. Much quicker turnaround time than what most financial institutions can manage. They have built in efficiencies because this is what they do every day. We look forward to working with them each year and would recommend them to any CDFI." We are proud to offer services that streamline processes and enhance financial operations for our partners. Our collaboration with TMC Community Capital showcases how efficient, tailored solutions can drive success and growth for CDFIs. Learn more about how Scale Link is making a difference in the CDFI landscape: https://lnkd.in/gg6EUHz #CDFIs #SmallBusiness #SmallBusinessLoans

At the beginning of this year, the Aspen Institute’s?Business Ownership Initiative?joined the?Initiative for Inclusive Entrepreneurship?(IIE), a national effort to expand access to capital for small businesses owned by socially and economically disadvantaged individuals. Announced in October 2022 by Vice President Kamala Harris, IIE harnesses the power of public-private collaboration to ensure the equitable implementation of the U.S. Department of the Treasury’s $10 billion State Small Business Credit Initiative (SSBCI), 40% of which is designated for businesses owned by socially and economically disadvantaged individuals (SEDI). Our role in IIE involves a partnership with?Scale Link?to design and communicate recommendations for how states, territories and Tribal governments can craft SSBCI programs that support CDFI loans of less than $100,000. Our new publication details how SSBCI administrators can best structure capital access programs, loan guarantee programs, and loan participation programs to support CDFI microlenders. Check it out and let us know what you think!

For Community Development Financial Institutions (CDFIs) focused on microlending, scaling can be a financial challenge. While small-dollar loans of up to $50,000 provide essential support to small businesses, the revenue generated often doesn't cover the costs of originating and servicing these loans. This leaves CDFIs searching for innovative capitalization strategies to keep growing their portfolios. #CDFI #Microlending #FinancialInclusion #CRA #SmallBusiness #CommunityDevelopment #Banking

Scale Link is a sponsor of the Wolters Kluwer 2023 CRA & Fair Lending Colloquium in Austin, Texas.?This event gathers compliance professionals, regulators, and industry experts. It's a fantastic opportunity to learn about the latest regulatory changes to the Community Reinvestment Act and how purchasing microloans from Scale Link can help you reach your lending goals. We’ll be hosting a booth on the convention floor –– if you’re attending, please stop by, say hello to our CEO, Brett Simmons, and business development manager, Charlie Probus. #CRA #Compliance #FinancialServices

Welcome to our new board members Jason Keller from Wolters Kluwer and Ana Hammock from Ascendus!