NEW YORK, Sept. 22, 2023 /PRNewswire/ — Carver Federal Savings Bank (“Carver”), a Community Development Financial Institution (“CDFI”) and a certified Minority Depository Institution (“MDI”), is helping drive economic empowerment for small businesses in New York City through its innovative microloan program. Carver’s program assists entrepreneurs in accessing capital to grow their businesses in a post-pandemic world. Leveraging algorithm-based software, Carver goes beyond traditional credit scores that historically have hindered borrowing eligibilities and capacities for black and brown entrepreneurs.
Originally published at https://www.prnewswire.com/news-releases/new-microloan-program-is-driving-economic-empowerment-for-small-businesses-in-brooklyn-harlem-and-across-new-york-city-301935657.html
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