MCCIF

The McLennan Community Investment Fund (McCIF) is a Texas Nonprofit Economic Development Corporation created with the primary purpose of lending to unbanked or underbanked small businesses located in or owned by those who reside in specific census tracts in McLennan County, TX. As an emerging Community Development Financial Institution or CDFI, numerous benefits to micro-enterprises, small businesses, and non-profit organizations are available through loans and business development programs... Although we can provide lending and business development services to a bank's existing depositors, McCIF is not a substitute for or competitor of the banks located in our community. Indeed, the support of our banks will be critically important to some of their customers who are not quite eligible for a traditional bank loan based on the small amount requested, the potential borrower's credit history, or other important factors... As a financial institution, McCIF will use a market-driven..

Also known as: McLennan Community Investment Fund

Primary location: Waco United States