Leaders in Lending | Ep. 94: Supporting small businesses as a CDFI and MDI

by Upstart

The banking industry is increasingly leveraging innovations in alternative data to underwrite loans for consumers and small businesses. This can make a significant impact in communities that Minority Depository Institutions (MDIs) and Community Development Financial Institutions (CDFIs) serve.

In this episode, Michael Pugh, CEO of Carver Federal Savings Bank, discusses how to better support small businesses and serve communities by developing programs based on improved underwriting.

Join us as we discuss:

  • Roles of MDIs and CDFIs in helping communities grow businesses
  • The importance of capital access for underserved business owners
  • Understanding the voice and perspective of members who have difficulty accessing capital

 

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