CNHED created the Guide to Small Business Financing to help small business owners in Washington, DC navigate the various local lenders (i.e., financial institutions including banks, CDFIs, MFIs) and loan products to find the best financing option for their business. There is a wealth of information on lenders and loan products available to support small businesses, and this guide aims to consolidate that information and provide key tips on how small businesses owners can research, compare, and apply for these financial resources. While this guide is useful for any small business, it is specifically designed for first-time borrowers embarking on their search for debt financing.
As CNHED continues to respond to practitioner feedback and on-the-ground experience, we’re committed to developing ecosystem-wide resources and solutions to support small and minority-owned business at every stage. Whether through the DCSmallBizHelp tool, the CNHED Capacity Building Institute, the RFP Response Strategy Toolkit, or this guide, our intention remains: to support local businesses in their pursuit of prosperity for themselves, their employees and our broader community.