Mid-Atlantic CDFI
The challenge
A community development financial institution needed to expand its small business lending program into three new markets but lacked the capital reserves and federal recognition required to qualify for CDFI Fund awards.
Our approach
The Philip Morgan Group led a comprehensive CDFI certification application, developed a target market analysis, and prepared a full Financial Assistance award application to the U.S. Treasury CDFI Fund.
The result
$4.2M awarded through the CDFI Fund Financial Assistance program, enabling the organization to deploy capital to 60+ underserved small businesses in its first year of expanded operations.