About Prestamos CDFI, LLC

Summary

An About Us page for Prestamos CDFI, LLC (Prestamos), which describes itself as a Community Development Financial Institution (CDFI) and a Community Development Entity (CDE) providing financial products and services for small businesses and economic development projects. The page states that Prestamos, through its parent corporation Chicanos Por La Causa, Inc., has administered lending programs since 1980 and that CPLC created Prestamos CDFI, LLC in 2000. It explains what a CDFI is and states that Community Reinvestment Act regulations recognize loans and investments in CDFIs as a qualified CRA activity. It also gives a vision statement, a mission statement about providing credit to small businesses in low-to-moderate income markets, and an equal opportunity notice.

Summary drafted by a model from the document's text below and checked by script against that text before publication. It is a navigation aid, not a reading of what the document proves. Where AI is used

Full text

About Us

Prestamos CDFI, LLC (“Prestamos”), is a Community Development Financial Institution(“CDFI”) and a Community Development Entity(“CDE”) that provides high-quality financial products and services for small businesses and impactful economic development projects. Prestamos through its parent corporation, Chicanos Por La Causa, Inc., has administered a variety of lending programs since 1980. In light of the success of its loan programs and the continued need and demand for these services, CPLC created Prestamos CDFI, LLC in 2000. Prestamos successfully promotes economic and community development in order to create jobs, revitalize communities and facilitate community wealth building.

What is a Community Development Financial Institution

CDFI Certification and CRA: Community Development Financial Institutions (CDFIs) are private-sector, financial intermediaries with community development as their primary mission. CDFIs supply the tools enabling economically disadvantaged individuals and underserved communities to become self-sufficient stakeholders in their own future. These tools include providing financial services, loans, and investments; offering training and technical assistance services; and promoting development efforts that enable individuals and communities to effectively use credit and capital.

Community Reinvestment Act (CRA) regulations explicitly recognize loans and investments in CDFIs as a qualified CRA activity.

Vision

We drive economic development by access to capital and technical assistance.

Mission

Specialize in providing credit to small businesses in low-to-moderate income markets and communities that may not qualify for traditional bank loans.

This institution is an equal opportunity provider.

In accordance with federal law and U.S. Department of the Treasury policy, this institution is prohibited from discriminating on the basis of race, color, national origin, sex, age, or disability. To file a complaint of discrimination, write to Department of the Treasury, Office of Civil Rights and Diversity, 1500 Pennsylvania Ave. NW, Washington, D.C. 20220 or call (202) 622-1160.

File and source

File

about-prestamos_8cb9970dfa031a48.html

Size

165,092 bytes

SHA-256

1e73ebe584a635f732f701d2b1e64d557183433403a2130846a68d319766c777

Our copy

about-prestamos_8cb9970dfa031a48.html

Original

prestamoscdfi.org