Azra and Mark introduce Inclusiv's new business lending program for credit unions in New York state.

WHAT YOU WILL LEARN IN THIS EPISODE:

✅ How CDFI credit unions can launch or expand their small business lending programs through Inclusiv's eight-week Small Business Capital Initiative training that covers regulations, portfolio development, and community outreach strategies.

✅ The benefits of Inclusiv's loan participation marketplace for credit union small business lending, including how credit unions can buy or sell loans while Inclusiv co-invests to share both opportunity and risk with participating institutions.

✅ How the loan loss fund provides up to 20% guarantee on charged-off loan balances for community development credit unions engaged in the loan participation marketplace, helping reduce risk for both buyers and sellers.

✅ Strategies for credit union lending programs to strengthen their presence in local communities through effective small business technical assistance, marketing outreach, and building high-touch relationships with business lending members.

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TIMESTAMPS:

00:00 Introduction to credit union services and business lending solutions, including loan participations, SBA lending, and loan workouts for credit unions nationwide and Puerto Rico

01:26 Azra shares her career journey in community economic development and working with CDFI credit unions to expand financial inclusion for underserved communities

04:07 Discussion of the community outreach of credit unions, making them different from the banking industry

06:05 Overview of Inclusiv as a CDFI network supporting community development to help low and moderate-income communities achieve financial inclusion

08:33 Details on Inclusiv's Small Business Capital Initiative training program launching October 1st, an eight-week course for credit unions to serve small business loan programs

11:28 Explanation of Inclusiv's loan participation marketplace and loan loss fund, and the new Inclusiv Business Forward, helping CDFI credit unions expand small business lending

KEY TAKEAWAYS:

💰 Inclusiv's Small Business Capital Initiative training is an eight-week program designed for credit unions looking to start or expand their small business lending programs, covering everything from identifying community lending needs to navigating NCUA and SBA regulations with expert guidance.

💰 The loan participation marketplace allows CDFI credit unions to manage risk and strengthen liquidity through small business loans and mortgages, with Inclusiv co-investing alongside credit unions and offering a loan loss fund that provides up to 20% guarantee on charged-off balances.

💰 The new Inclusiv Business Forward program in New York State enables community development credit unions to purchase up to 35% of each small business loan, specifically targeting socially and economically disadvantaged entrepreneurs who have been historically excluded from affordable financial services.

💰 Success in credit union small business lending requires more than just loan products; it demands assertive outreach and marketing strategies, deep community engagement, and high-touch relationships that distinguish CDFI credit unions from traditional banks in serving underserved communities.

ABOUT THE GUESTS:

Azra Samiee - LinkedIn

Small Business | Inclusiv

RESOURCES MENTIONED:

Mark Ritter - Website

Mark Ritter - LinkedIn

SEO KEYWORDS:

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