Relaxing the geographic restrictions and enable qualified CDCs to expand into underrepresented areas.
FORBES: Simple Changes Offer Big Solutions In Small Business Lending
Working with local community development corporations (CDCs), these organizations built relationships with banks and corporations to make these deals work.
FORBES: For the 21st Century, a Network of Beneficial Philanthropy and Corporate Citizenship
Currently, the Certified Development Companies (CDCs) that administer the federal portion of SBA 504 loans are limited to very specific geographies.
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