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Going beyond the credit score to fund Black business (ft. Nimaj Driscoll)
Daily Detroit
English - May 12, 2022 22:33 - 14 minutes - 20.3 MB - ★★★★★ - 150 ratingsDaily News News Leisure entrepreneur events news oakland business city detroit development food local Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
The reality is there's a lot of inequity in our American system.
It's been there since our founding. Sure, improvements have been made, but we're nowhere near there yet. And you can see it in our region, too.
Short of a massive federal program to truly begin to level out the metaphorical playing field on a number of levels for African Americans and other groups, to help get wealth into communities, start businesses, and more — the work has to be done where it can.
One of those areas is with access to loans. Nimaj Driscoll - a Detroit Native with CDC Small Business Finance, a nonprofit that's more flexible than a bank - joins me today to talk about a new program that doesn't involve traditional credit scoring to get Black entrepreneurs access to what they need to compete.
And they're already at work in the community. More: https://cdcloans.com/activate-detroit/
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