Second Chance Small Business Loans

Guest: Mark Pinsky

Guest: Mark Pinsky

If you need a small business loan and are having trouble getting traditional financing you'll want to learn about Community Development Financial Institutions and how they can help. You'll find out what CDFI's are, what kinds of loans they make and for what amounts. You'll find out how some make loans to the unbanked or underbanked, and the flexible financing they offer. You'll also learn how they offer more than just a loan.

Even if you've been turned down for a loan from a traditional financial institution, you may be able to get a loan from a CDDI. This interview with the Opportunity Finance Network's President and CEO Mark Pinsky aired live on July 29, 2013.

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About My Guest


As president and CEO of Opportunity Finance Network (OFN), Mark Pinsky is strategic leader for the national network of more than 200 high-performing Community Development Financial Institutions (CDFIs). CDFIs empower low-income communities by making loans to support small businesses, community facilities, affordable housing, charter schools and more. Mark is a widely respected and regularly consulted expert on credit markets, particularly in their role in distressed markets.

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Aug 31, 2015
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thank
by: Harry J. James

Wow! thank you for this information! Now i can get my second chance!!!!

Mar 25, 2015
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micro lending
by: Gerri

Patricia -

Have you looked into local microloans through Community Development Financial Institutions? It sounds like it could potentially be a good fit for you. There is a searchable database of organizations that offer these loans at CDFIFund.gov. I hope you find one that can help!

Feb 11, 2015
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Disabled minority woman
by: Patricia Bishop

I am trying to restart my commerical janitorial business but I can not find a small business second chance loan and because of illness I have no funds. How and where can I apply and recieve a loan for my business?

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