Bank of America is the largest private investor in CDFIs in the United States, currently with more than $1.6 billion in loans and investments in over 250 CDFIs in all 50 U.S. states and the District of Columbia. CDFIs – typically non-profit loan funds – provide capital, mentoring and financial advice supporting small businesses, affordable housing, fresh food supermarkets, healthcare centers and nonprofit organizations operating in lower income communities. By providing capital to CDFIs, we’re extending the reach on what we can do on a direct basis, making more loans available for people and communities, and helping address important economic and social issues.
Discover our Access to Capital Directory, a tool that puts hundreds of organizations providing funding at your fingertips, including an extensive list of Community Development Financial Institutions (CDFIs) supported by Bank of America.
Small business ownership can fuel the growth of local economies, and our partnerships with CDFIs provide invaluable financial assistance and mentoring to promising businesses. CDFIs, along with consulting from our small business bankers, offer another way for small business owners to achieve their goals and grow their businesses.