Small Business Development Corporation of Orange County congratulates National Asian American Coalition on its recent designation as a member institution of the California Infrastructure and Economic Development Bank (IBank). We welcome them to the family of lenders who are able to make a significant difference within the small business community by offering IBank’s capital access programs to companies whose growth is dependent upon such resources. The involvement of community lenders in IBank’s programs is paramount to the success of small businesses and nonprofits, which in turn supports the state’s economy. It’s a win-win scenario for all involved.
National Asian American Coalition (NAAC) is a HUD-approved 501(c)(3) non-profit housing counseling organization and U.S. Department of Treasury-certified Community Development Financial Institution (CDFI). “I am indeed pleased to become a participating financial institution in California's capital access programs,” said Faith Bautista President and CEO of NAAC. Since their inception in 2004, NAAC has advocated for and has provided essential services to minority and low-to-moderate income communities across California and the United States, in such important areas as homeownership, foreclosure prevention, access to capital for small businesses, consumer rights and education, and small business job creation.
The IBank was created by the state legislature in 1994 to finance public infrastructure and private development that promote a healthy climate for jobs, contribute to a strong economy and improve the quality of life in California communities.
