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Comerica Bank Invests An Additional $1 Million In Clearinghouse Cdfi;

Dec 16, 2021about 4 years ago

Amount Raised

$1 Million

Round Type

seed

Lake ForestFinancial ServicesOther

Description

Investments by Comerica Bank in Clearinghouse CDFI Total $2.1 Million Since 2019

Company Information

Company

Clearinghouse Community Development Financial Institution (Clearinghouse Cdfi)

Location

Lake Forest, California, United States

About

Clearinghouse CDFI addresses unmet credit needs throughout the U.S. and in Indian Country through direct lending, equity investments, and financial assistance. For 24 years, Clearinghouse CDFI has helped bridge the gap between conventional lending standards and the needs of low-income, distressed, and communities of color. Clearinghouse CDFI is also a B Corp—a certification received from the nonprofit B Lab. B Corps are companies who meet rigorous standards of social and environmental performance, transparency, and accountability, and use business as a force for good. More information is available at http://www.ccdfi.com.