Capital and Services
Creating a Resource-Rich Environment for
Cohorts under this initiative seek to address the high cost structure and capacity constraints limiting the quantity and quality of capital available to low wealth entrepreneurs.
The first-ever bank referral marketplace for small business lending, myWay to Credit was developed with JP Morgan Chase, Woodforest National Bank, Legacy Texas, and the U.S. Treasury CDFI Fund. myWay to Credit gives options to small businesses that don’t currently qualify for financing by connecting them to a vetted network of community lenders and small business mentors.
DreamFund was developed with OnDeck and a variety of other organizations to address the gap between demand for and supply of capital in underserved communities, by giving CDFIs access to additional products from third parties. It serves as a liquidity solution for cash-constrained CDFIs. Through DreamFund, business owners who would not have otherwise qualified for loans are able to borrow at below-market rates through a CDFI.