Small Business Development Corporation of Orange County congratulates Clearinghouse CDFI on its recent certification as a member institution of the California Infrastructure & Economic Development Bank (IBank). We welcome Clearinghouse to the family of financial institutions supporting small business communities across the state providing capital equity among underserved and disadvantage communities of color while bridging the wealth gap, eliminating blight and homelessness with strong emphasis on creating and retaining jobs in California.
Clearinghouse Community Development Financial Institution (Clearinghouse CDFI) is a full-service, direct lender financing projects that create jobs & services to help people work, live, dream, grow, & thrive in healthy communities. The company was established in 1996 to serve low-income and disadvantaged communities in Southern California. Since then, Clearinghouse CDFI has expanded its service area to address unmet credit needs throughout the United States with a focus on California, Nevada, Arizona, New Mexico, Texas, & Indian Country.
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. It is a self-supporting entity financed through service fees and interest earnings and has financed more than 55 billion in infrastructure and economic development projects.
