My business partner and I want to expand our community-focused service business, but the banks keep rejecting our loan applications and we're realizing it's partly because we operate in an underbanked neighborhood and partly because our model doesn't fit their standard metrics, and we can't agree on whether to change our approach or find alternative funding.
More people experience this than they realize.
Partners must choose between compromising their mission to access traditional capital or finding riskier alternatives.
“Where Are You with Financial inclusion and the unbanked?”
If this sounds familiar, the Library can help you find the bigger picture.