What is a CDFI (and who cares)?

OBDC is proud to be a Community Development Financial Institution (CDFI), but we find many people don’t understand what CDFIs are of how they have an impact in local economies. Here are some CDFI myths dispelled:

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Meet our Borrowers: Las Marianas Restaurante

Rosa Martin fulfilled her lifelong dream of owning her own restaurant in 2013 when she purchased 3731 International Boulevard in Oakland. When she wanted to update the inside of her business and figure out how to pay down the credit card debt she accrued to launch her business, she came to OBDC. Here’s an excerpt from our interview with Rosa:

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Understanding Your Business Financials

Most lenders require updated business financials when an application is submitted, but your income statement, balance sheet, and cash flow statement offer an insight into your business performance that may allow you to more quickly adapt to potential challenges and leverage new opportunities.

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Five Important Things to Know About Community Lenders

NerdWallet (@smallbiznerds on Twitter), recently posted an article describing important differences between community lenders like OBDC and traditional lenders, like commercial banks. This great post features OBDC’s Scott Lewis, and makes important distinctions that small businesses seeking capital should be aware of. Click here to read the full article.

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