Community Business Partnership established the Business Finance Center in 1998 as its primary financing conduit to deploy capital to its target market of underserved entrepreneurs and business owners.
Since its inception the BFC has funded loans of $500 – $50,000 to small or emerging businesses unable to obtain financing due to credit or other limitations. The goal of the program is to provide consistent financing opportunities to promising entrepreneurs. The BFC staff works with clients to help them to develop their creditworthiness and become financially strong enterprises.
The mission of the BFC is to graduate loan clients to traditional lenders; thereby increasing their capacity to create wealth for business owners and economic opportunities for the communities they serve.
Community Business Partnership is a Certified Community Development Financial Institution as designated by the CDFI Fund via the U.S. Department of Treasury. The organization received this certification in 2016.