FDIC Hosts Addressing the Racial Lending Gap in North Carolina through Innovative Lending Products
The Federal Deposit Insurance Corporation (FDIC) is hosting a small business lending forum to promote discussions around the credit and capital needs of minority small businesses. The forum is designed to foster new collaborations between banks, Community Development Financial Institutions (CDFIs), and small business stakeholders. The forum will provide an opportunity for CDFIs and financial institutions to strengthen their relationships to support minority-owned and Historically Underutilized Businesses (HUBs) by exploring innovative lending products such as special purpose credit programs. Representatives will share innovative approaches and resources to help advance equitable access to affordable capital and credit that promotes community development. In addition, a representative from the Consumer Financial Protection Bureau (CFPB) will share research data on small business lending in the south. The FDIC will also highlight economic inclusion resources.
Presenters:
- Diane Standaert, Senior Engagement and Policy Fellow, CFPB
- Armeer Kenchen, Executive Vice President of Small Business Capital; Executive Director of the Small Business Credit Initiative & CornerSquare Community Capital
- Kevin Dick, President & Chief Executive Officer, Carolina Small Business Development Fund
- Victor Galloway, Community Affairs Specialist, FDIC
When:
Thursday, November 2, 2023 from 9:30 AM to 12:00 PM ET
Where:
The SPARK Conference Center, 4140 Parklake Avenue, 4th Floor, Raleigh, North Carolina 27612. Registration information below.
Who should attend:
Bankers, CDFIs, small business technical centers, local, state, and federal government, and non-profit representatives interested in learning about innovative approaches to increase equitable access to affordable capital and credit for minority-owned businesses, as well as partnership opportunities to support minority-owned small businesses.
Registration Information:
To register online, click REGISTER and fill out the needed information. You will receive a confirmation email once completed.
Contact Information:
If you have any questions about the event, please email Victor Galloway at vagalloway@fdic.gov.