Over the last year, banking and lending guidelines have gotten tighter due to the changing economic environment. It can be hard to tell a customer you can’t help them. This is where a Community Development Financial Institution (CDFI) can help banks! CDFIs take different shapes and forms, but they have a mission to provide access to financial services, affordable credit, and/or investment capital to individuals and businesses underserved by traditional banks. CDFIs are typically serving a different demographic, so learn how a CDFI can be a partner to your bank and not a competitor.
After this webinar, you’ll be able to
- Understand how CDFIs can fill the gap between traditional banking/lending and predatory lending.
- Understand the role CDFIs play in distressed and underserved communities.
- Learn how CDFIs can partner with you to keep your core customer relationships.
- Learn how non-profit loan funds (a type of CDFI) can help with gap financing so you can still close a loan deal and reduce the bank’s risk.
- Learn how your bank might already be working with a CDFI from a CRA standpoint.
Who Should Attend?
This webinar will benefit junior to senior level banking officers.
Meet the Presenter
is Director of Strategic Lending for Colorado Enterprise Fund (CEF) and has been with CEF since 2007. Alan is responsible for overseeing CEF’s loan production team and strategy for Colorado. Alan consults with potential applicants about their business plans, performs credit analysis and loan underwriting, along with ongoing business advisory services to borrowers. His bilingual skills in English and Spanish are an asset in serving many of CEF’s minority-owned businesses.
Alan was appointed to the Community Development Advisory Council for the Federal Reserve in Kansas City in 2022. His role allows him to represent fellow Community Development Financial Institutions (CDFIs) and have a voice for small business entrepreneurs.