The full impact of the COVID-19 pandemic is not yet known, but one thing is certain: PPP loans and other short-term emergency loan programs will not be enough to save many small businesses. Community Reinvestment Fund is mobilizing its one-stop-shop business lending platform, Connect2Capital, in order to ensure the survival and long-term success of businesses in low-income areas, many of which are led by women and/or minority entrepreneurs. Patrick Davis of CRF appears on today’s episode to tell us about the platform and how other CDFIs can use it to amplify their impact in the recovery.
Patrick Davis is the Vice President of Program Strategy and Development at Community Reinvestment Fund, USA (CRF), a national Community Development Financial Institution dedicated to empowering people and strengthening communities through innovative financial solutions. As Vice President, Patrick is responsible for the research and development of innovative new products and programs that contribute to the advancement of CRF’s organizational mission and vision.
Previously, Patrick served as Senior Strategy Officer at Calvert Social Investment Foundation where he worked to incorporate social and environmental impact into investment portfolios. Prior to joining Calvert in 2008, Patrick held positions at the Center for Student Opportunity and the Meltzer Group. He is a StartingBloc Fellow, a graduate of the CIVICUS leadership program, and a technology and design enthusiast, having completed immersive programs in User Experience Design and Web Development at General Assembly. Patrick attended University of Maryland, College Park, where he received degrees in Economics, Political Science, and Latin American Studies.
Resources Related to This Episode:
Connect2Capital (Landing Page for Lenders): https://www.connect2capital.com/partners/community-lenders/
Community Reinvestment Fund, USA: https://crfusa.com/