Community Development Financial Institutions (CDFIs) may have the flexibility to create new loan products to better serve their communities. Concessionary loan capital is one such type of new loan product. Concessionary loans are loans that offer more generous terms than market rate loans. These terms may be lower interest rates, a longer pay-back period,…
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This post was written by Steve Nicastro and originally appeared on NerdWallet on November 13, 2017. It is shared here with permission. Small Business Saturday has become a boon for local shops: Last year, 112 million consumers spent $15.4 million at such businesses, according to American Express, the company behind the shopping holiday founded in…
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Oakland Grown is a nonprofit membership organization that services Oakland’s independent businesses, artists, and makers. They promote buying, investing, and giving locally to build a sustain a more just and vibrant Oakland economy. Oakland Grown’s members receive significant benefits (click here for their membership kit): Promote Oakland Grown members Provide workshops and events to…
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With her parents’ values instilled in her as a very young child, Diana Wong has grown to model a similar successful business style when creating iCAFE San Francisco, located in the heart of San Francisco’s Chinatown. She wanted to create a “warm, caring, sense of coming home,” continuing to cater to loyal patrons, in addition…
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This post was originally written on May 3, 2017. May is the month where we celebrate the generations of Asian and Pacific Islanders who have enriched the U.S. and who are critically important to the our country’s future success. Asian American and Native Hawaiian & Pacific Islanders have a large business ownership footprint in…
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