Inclusive Support for Small Business: Insights from the New York Forward Loan Fund (Webinar Recording)
March 31, 2022
Calvert Impact Capital, Community Reinvestment Fund, USA, and more than 25 Community Development Financial Institutions (CDFIs) came together during the pandemic to build recovery programs that expanded access to credit for un- and under-banked small businesses. These programs were built to strengthen and grow CDFIs, which acted as critical economic first responders throughout the last two years.
60 Decibels, a leading impact evaluation firm, was engaged to evaluate the impact of expanding access to credit during periods of economic hardship by speaking directly with the small businesses that were affected by COVID. 60 Decibels studied how access to credit contributes to income creation and wealth building for entrepreneurs, particularly businesses owned by women and under-represented racial and ethnic groups and recently published their evaluation of the New York Forward Loan Fund, one of the first recovery programs in the market.
Watch the recording of the webinar hosted by 60 Decibels, Calvert Impact Capital and Community Reinvestment Fund, USA to learn more about the new research and the recovery programs.