Goldman Sachs 10,000 Small Businesses Financing Initiative
Goldman Sachs and Opportunity Finance Network (OFN) are helping small business lenders grow to better serve small businesses through the Goldman Sachs 10,000 Small Businesses Financing Initiative. This three-year program provides national training opportunities for CDFIs and other mission-driven lenders to scale lending to small businesses in underserved communities. Components include:
In the summer of 2014, OFN offered three, two-day workshops designed to help small business lenders identify and pursue growth opportunities. These sessions were attended by 118 participants from 88 mission-driven lenders across the country.
Following the National Workshops, 24 participants were chosen through a competitive process to receive intensive technical assistance and participate in peer-learning opportunities over two years to implement ambitious and customized growth plans.
Best practices in small business lending will be showcased through a series of webinars beginning in 2015. Webinars will be recorded to provide an on-demand library of resources to benefit all small business lenders across the country.
The Small Business Leader Award for Mission-Driven Lenders is the first-ever award to recognize innovation and growth in mission-driven small business lenders.