Minority Small Businesses Have a New Financing Option in the Commonwealth Philadelphia, Pa. – December 14, 2022 — The Pennsylvania CDFI Network secured a $45 million allocation of the State Small Business Credit Initiative (SSBCI) in partnership with 11...
Q&A: Pennsylvania CDFI Network Executive Director Varsovia Fernandez shares how the network is helping small businesses thrive post-COVID. As the first executive director of the Pennsylvania CDFI Network, Varsovia Fernandez is excited about...
Black- and brown-owned business often face challenges in securing working capital. With that in mind, a coalition of about 30 financial organizations have launched a program designed to help minority owned businesses gain access to loan funding. The Philadelphia...
Greater Philadelphia, January 11, 2022 – The Greater Philadelphia Financial Services Leadership Coalition (GPFSLC), comprised of public sector and community partners committed to solving the region’s most pressing issues related to supporting Black and Brown...
Philadelphia, September 27, 2021 – The Pennsylvania CDFI Network, a coalition of 17 PA-based community development financial institutions, has tapped Varsovia Fernandez as its Executive Director. The announcement comes on the heels of a new report from the...
Below is the data summary for round 1 approved grants. Of the close to 5,000 small businesses approved in the first round of funding, more than 2,500 (51%) are historically disadvantaged businesses that have traditionally experienced discrimination when seeking...
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