Certified CDFI

What it means to be a CDFI

Community Development Financial Institutions – or CDFIs – are mission-driven financial institutions that are dedicated to providing financial services to meet the needs of economically disadvantaged individuals within underserved communities.

  • CDFIs invest in local communities and the residents who live there by providing critically needed financing often unavailable from mainstream financial institutions.
  • CDFIs are certified by the U.S. Department of the Treasury’s Community Development Financial Institutions Fund – known as the CDFI Fund. In order to become a certified CDFI, the financial institution must: have a primary mission of promoting community development; provide financial products and services; serve one or more defined low-income target markets; maintain accountability to the community it serves; and be a legal non-governmental entity.
  • All CDFIs share a common mission of serving low-income communities. CDFIs are commonly loan funds, credit unions, community banks, or venture capital funds.
  • Certified CDFIs are part of a national network promoting economic growth in America’s underserved communities by financing businesses, creating jobs, and rebuilding neighborhoods.
  • As a CDFI, MBF puts the community first and values local, economic growth.
Saturday, January 19th, 2019 at 1:00am
MBF #smallbiztips: It's a New Year! Time to think about your New Year resolutions! Here is an interesting article on the value of the annual exercise!
https://t.co/MH0zQjliMo
Friday, January 18th, 2019 at 11:37pm
The Black Business Loan Program will assist businesses that cannot obtain loans through conventional banks. The program is being administered via the @MiamiBaysideFo and FAU.

https://t.co/sZed6SqZ8z
Friday, January 18th, 2019 at 1:00am
Congratulations to MBF #loanrecipient @MariBunnieCakes for their successful popup in Downtown Doral and their feature in two @MiamiNewTimes articles!
https://t.co/9Xa3FiHoy8
Thursday, January 17th, 2019 at 1:00am
MBF #smallbiztips: It's 2019! Time to start preparing your books for 2018 taxes. Here is a list of items you may find helpful when preparing your business tax return. https://t.co/OSOVKrSM2R
Wednesday, January 16th, 2019 at 1:00am
Congratulations to Dermanova Med-Spa and Salon on their successful grand opening and officially becoming an MBF #loanrecipient! Visit https://t.co/yVVBTxYFLG for more information.

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By contributing to MBF you have an opportunity to impact job creation, encourage economic development and improve the future of Miami.