This week Pathway is celebrating the CDFI Week of Action to raise awareness on our industry’s work and increase resources for CDFIs in COVID-19 related federal legislation.
The House-passed Health and Economic Recovery Omnibus Emergency Solutions, or HEROES Act (H.R. 6800), proposes $1 billion in funding for the CDFI Fund, which is expected to be taken up by the Senate in mid- to late-June. CDFIs play an important role in economic revitalization and are making an impact for small businesses nationwide.
Pathway Lending is one of 27 CDFIs in Tennessee that support small businesses through financing and technical support. Like many of our peers, Pathway has seen a dramatic increase in the need for its services since the COVID-19 pandemic began in mid-March.