Tag: Business finance

CDFIs fill the finance gap for businesses in need

By investing in businesses in disadvantaged communities or struggling to access mainstream credit, CDFIs help to bring employment opportunities and needed services to deprived communities. Continue reading

CDFA on Radio 4’s You and Yours

CDFA’s Sean Dennis was a guest on BBC Radio 4’s You and Yours programme on Monday 25.06.2012. The segment looked at the growth of “microfinance’ and alternatives to mainstream banking finance for businesses. Continue reading

As Startup Loans are Go!, CDFIs can help – and can Make Business Your Business

CDFA’s chief executive Ben Hughes today welcomed a new package of loan finance and mentoring for young people wanting to start their own businesses – and said community finance providers are logical delivery partners for the scheme.

And CDFIs feature within a new report on supporting start-up and small business development by the Prime Minister’s enterprise adviser, Lord Young, which was launched today. Continue reading

Now Wonga wants business’ blood sweat and tears

Ben Hughes, chief executive of the Community Development Finance Association today said news that high-cost lender Wonga is starting to offer loans to businesses confirms CDFA analysis of how large the gap in mainstream finance is – and shows that the Government needs to plough more support into community finance. Continue reading

BCC say results encouraging but access to finance a real problem for many firms

John Longworth, director general of the BCC (British Chambers of Commerce) today called for more action on access to finance for business as the BCC published its latest Quarterly Economic Survey. Continue reading

As report ignores community finance, CDFA says Chancellor must act

CDFA today expressed disappointment at the lack of acknowledgement of community finance in a new report about widening business access to new and alternative sources of finance Continue reading

CDFA member, Donbac, wins prestigious award

16 December 2011. Winners of outstanding contribution to the local economy. Continue reading