Small business owners are increasingly turning to Community Development Financial Institutions (CDFIs) as traditional lenders continue tightening credit standards. With rising application scrutiny and reduced access to capital, CDFIs are emerging as a crucial lifeline for underserved entrepreneurs.
In the latest Bankrate feature, Patrick Reily, Co-Founder of Uplinq, explains the importance of preparation when seeking CDFI financing. Reily emphasizes the value of presenting a clear business story and building strong relationships with lending partners early in the process.
Read the full article by Bankrate’s Olivia Chen here.