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Going beyond the credit score to fund Black business (ft. Nimaj Driscoll)

Going beyond the credit score to fund Black business (ft. Nimaj Driscoll)

FromDaily Detroit


Going beyond the credit score to fund Black business (ft. Nimaj Driscoll)

FromDaily Detroit

ratings:
Length:
15 minutes
Released:
May 12, 2022
Format:
Podcast episode

Description

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/ If this is your first time meeting the show, don’t forget to follow us on Apple Podcasts or wherever you download your favorite podcasts.
Released:
May 12, 2022
Format:
Podcast episode

Titles in the series (100)

Your Daily Detroit shares what to know and where to go in Metro Detroit. This all local news & entertainment show pushes Detroit's conversation forward. We cover development happenings, city and suburb news, policy, where to go eat and drink, events around town, the tech and entrepreneurial scene, and more depending on the day's news. All brought to you by the smart and engaging team at Daily Detroit.