Media
Community Engagement & Press Releases
Susana Cabrera opens an Everytable franchise store through the help of a Nor-Cal FDC state loan guarantee and assistance from social impact lender Mission Driven Finance.
Sanford Livingston, vice president of The Association of Financial Development Corporations recently gave testimony about the impact of loan guarantees before a state legislative subcommittee.
Nor-Cal Financial Development Corporation, a member of The Association of Financial Development Corporations, announced today its first $5 million loan guarantee that helped finance marketing and advertising for a star-studded feature film, “Back on the Strip.”
The Association of Financial Development Corporations joins in the celebration of our nation’s birth this 4th of July, and all of its meaning.
California's IBank recently reported it has closed more than $1 billion in loans to finance critical infrastructure around the state.
Three member agencies of The Association of Financial Development Corporations will receive a total of $4.7 million in grant awards this summer aimed at communities hardest hit by the COVID-19 pandemic.
The Association of Financial Development Corporations celebrates Asian and Pacific American communities and their significant contributions.
As lenders look for ways to shore up portfolio stability following the chaos-inducing failures of Silicon Valley Bank and Signature Bank in early March, some in California are turning their attention to a long-established state program that strengthens the viability of loans made to small businesses.
Two member agencies of The Association of Financial Development Corporations recently celebrated the collective award of nearly $900,000 in federal grants that will assist their efforts in building up underserved communities and connecting small businesses with needed capital and resources.
We are devastated by news of the Monterey Park shooting that has cost the lives of 11 precious souls and injured 10 others. We mourn with this community in which we have many connections and offer our prayers and deepest sympathies for all those impacted
U.S. Treasury’s State Small Business Credit Initiative will increase small business owners’ access to capital, cover upwards of 80% of loans in California to launch new program designed to create a more-inclusive venture capital ecosystem.
Air District’s Climate Tech Finance program expands statewide to accelerate greenhouse gas reductions.
California Capital Financial Development Corporation met a delegation of representatives from the National Assembly of Kosovo for a conversation on the expansion of women’s economic participation and business development models.
IBank loan guarantees give lenders confidence to lend to small businesses struggling to access capital
Climate expert’s addition to executive team will expand IBank’s role as green bank.
VSBDC participated in a community salute fundraiser for the Jordan College of Agricultural Science and Technology and honored individuals, such as Dr. John C. Harris, for agricultural contributions in the San Joaquin Valley.
The California Commission on the Status of Women and Girls (CCSWG) announced the recipients of a $5 million grant program to fund organizations serving women and girls who have been disproportionately affected economically by the ongoing pandemic.
San Diego Foundation and California Southern launch $500k fund.
The Association sent a letter to Acting Comptroller Michael Hsu and Chairman Jerome Powell expressing its concern and impact a US Bank merger will have on local communities.
SMUD Museum of Science and Curiosity exhibit to include a memorial to Anthony Rucker, former senior vice president at California Capital FDC.
Juan Carlos Hernandez, a 30-year veteran of commercial lending, has been promoted by California Southern SBDC to President and CEO effective January 22, 2021.
Governor Gavin Newsom announced an outlay of $50 million to the state’s seven Financial Development Corporations to assist small businesses and nonprofits.
Funds will provide capital and technical assistance throughout the holiday season to bolster diverse small businesses impacted by COVID-19.
Public-private partnership drives capital from private, philanthropic, and public sector resources – including an anchor commitment of $25 million from IBank – to CDFIs.
Governor signs three bills aimed at helping small businesses recover from both COVID-19 and the economic downturn after FDC’s send letter of support.