Are you a small or medium-sized business owner in search of financing options? Whether you’re looking for a line of credit, term loan, commercial mortgage or another financing solution, Bridge built by Citi can help you explore options to make an informed decision. The platform has over 80 participating lenders, including community and regional banks, Minority Depository Institutions (MDIs) and Community Development Financial Institutions (CDFIs), making it easier to find the lender that could be a good fit for your needs. Let’s break down each kind of lender.
What is a CDFI?
CDFIs are financial institutions that focus on providing affordable financing to underserved communities and businesses. CDFIs are often organized as a non-profit loan fund (or "CDFI Loan Funds"), with other CDFI structures being credit unions, local & regional banks, or venture capital funds.
CDFI Loan Funds have more flexible credit requirements than traditional bank lenders. While traditional banks may be more widely known with branches and ATM locations throughout their communities, CDFIs can be a valuable option for small and medium sized business owners looking for flexible financing options.
What is a MDI?
MDI is a term used to describe a financial institution, typically a community bank, that is either majority owned or controlled by minority individuals. These institutions provide services and financial resources to their target communities, which are often underserved. Bridge built by Citi is committed to working with MDIs to increase access to capital and credit in these communities and to help support minority populations. The platform currently has Black or African American, Hispanic American, Asian or Pacific Islander American, Native American or Alaskan Native American, and Multi-racial American banks participating, as well as several women-owned banks.
Community Banks & Regional Banks
Banking institutions that play a crucial role in providing small-and-medium sized businesses with essential financial services and a source of credit that is critical to economic growth and job expansion. The Federal Reserve defines Community Banks as those with less than $10 billion in assets, and Regional Banks as those with total assets between $10 billion and $100 billion.
HQ: Colorado Springs, CO
Community Bank
HQ: New York, NY
CDFI
HQ: Cleveland, GA
CDFI
HQ: Columbus, OH
MDI (Black or African American)
HQ: Houston, TX
Women Owned
HQ: Birmingham, AL
MDI (Black or African American)
HQ: Atlanta, GA
Community Bank
HQ: Palm Beach Gardens, FL
Comunity Bank
HQ: Little Rock, AR
CDFI
HQ: San Gabriel, CA
MDI (Asian or Pacific Islander American)
HQ: Richmond, VA
Community Bank
HQ: Denver, CO
CDFI
HQ: Coral Gables, FL
MDI (Hispanic American)
HQ: Hulbert, OK
MDI (Native American or Alaskan Native American)
HQ: Little Rock, AR
Regional Bank
HQ: Orlando, FL
CDFI
HQ: San Francisco, CA
Women Owned
HQ: Lyndhurst, NJ
Community Bank
HQ: Chicago, IL
Community Bank
HQ: Westminster, CA
MDI (Asian or Pacific Islander American)
HQ: Pleasanton, CA
CDFI
HQ: Nashville, TN
Community Bank
HQ: Raleigh, NC
CDFI
HQ: New York, NY
MDI (Black or African American)
HQ: Savannah, GA
MDI (Black or African American)
HQ: San Diego, CA
CDFI
HQ: Brunswick, ME
CDFI
HQ: Salt Lake City, UT
Community Bank
HQ: Houston, TX
Community Bank
HQ: Atlanta, GA
MDI (Black or African American)
HQ: Washington D.C.
MDI (Black or African American)
HQ: Denver, CO
Community Bank
HQ: Charleston, SC
CDFI
HQ: Fitzgerald, GA
Community Bank
HQ: Mobile, AL
MDI (Black or African American)
HQ: Salt Lake City, UT
Community Bank
HQ: Albuquerque, NM
CDFI
HQ: Nashville, TN
Community Bank
HQ: Madison, WI
Community Bank
HQ: Raleigh, NC
Community Bank
HQ: Columbia, TN
Community Bank
HQ: Memphis, TN
Regional Bank
HQ: Detroit, MI
MDI (Black or African American)
HQ: Indianapolis, IN
Community Bank
HQ: Omaha, NE
Regional Bank
HQ: Killeen, TX
Community Bank
HQ: Chicago, IL
Women Owned
HQ: Uniondale, NY
Community Bank
HQ: Chicago, IL
MDI (Black or African American)
HQ: New York, NY
Community Bank
HQ: McKinney, TX
Community Bank
HQ: Washington D.C.
MDI (Black or African American)
HQ: Miami, FL
MDI (Hispanic American)
HQ: Jennings, LA
Community Bank
HQ: Racine, WI
Community Bank
HQ: St. Louis, MO
CDFI
HQ: New Orleans, LA
MDI (Black or African American)
HQ: San Antonio, TX
CDFI
HQ: Durham, NC
MDI (Black or African American)
HQ: Oakland, CA
CDFI
HQ: Morgan City, LA
Community Bank
HQ: Miami, FL
CDFI
HQ: Washington D.C.
CDFI
HQ: Evansville, IN
Regional Bank
HQ: Columbia, SC
MDI (Black or African American)
HQ: Oakland, CA
CDFI
HQ: New York, NY
MDI (Multi-racial American)
HQ: Quakertown, PA
Community Bank
HQ: Shattuck, OK
Community Bank
HQ: Winter Haven, FL
Regional Bank
HQ: Ogden, UT
Community Bank
HQ: Miami, FL
Community Bank
HQ: Baltimore, MD
MDI (Black or African American)
HQ: New York, NY
CDFI
HQ: Cranford, NJ
CDFI
HQ: Philadelphia, PA
MDI (Black or African American)
HQ: Houston, TX
MDI (Black or African American)
HQ: San Antonio, TX
Community Bank
HQ: Richmond, VA
Community Bank
HQ: Rosemont, IL
Community Bank