CSTMR

  • Free Consult
  • Services
    • Overview
    • Marketing Strategy
    • Web Design & Development
    • Customer Acquisition
  • Work
  • About
    • About Us
    • Team
    • Marketing Blog
  • Contact

Lender helps save 500,000 jobs in underserved communities during COVID-19

June 29, 2020 By Rory Holland

Twitter0
LinkedIn0
Facebook0
Google+0

Owner of black-owned cafe smiling

The COVID-19 pandemic and resulting economic recession weren’t what anyone saw coming at the start of 2020. But when it did hit, we weren’t surprised that some of the clients we partner with, like Connect2Capital (C2C), stepped up to help their communities in major ways. 

Powered by Community Reinvestment Fund, USA (CRF), Connect2Capital is a first-of-its-kind platform that connects mission-driven lenders with small businesses that are unable to secure traditional financing.

“Our team has been working around the clock, and we’ve brought on about 25 contract underwriters and loan ops personnel to keep up with demand,” said Patrick Davis, Vice President of Program Strategy and Development at CRF. 

Connect2Capital actively supports economic growth in underserved communities by matching loans for businesses that are often unable to qualify for traditional financing. They also provide resources, education, and support to small businesses looking to rebuild financial wellness and qualify for traditional banking products in the future. 

CSTMR partners with fintech and financial brands just as mission-driven and customer-obsessed as we are, which is why we jumped at the chance to work with Connect2Capital in June 2019. Now, one year later, we’re proud of how CRF’s Connect2Capital helped thousands of small businesses and nonprofits navigate the COVID-19 economic crisis.

“The infrastructure we’ve built over the past several years has been enormously effective in helping us respond to the crisis via our national network of small business lenders,” said Davis. 

Because of CRF: 

  • More than $5 billion in SBA PPP loans were deployed or facilitated by CRF’s software platforms (Connect2Capital & SPARK) and direct lending efforts.
  • 17,000 small businesses and nonprofits received PPP loans through CRF’s software platforms and direct lending efforts.
  • 500,000 jobs were retained as a direct result of these loans.

According to Davis, CRF has done two times its entire 31 years of historical deployment in just three weeks. 

Here are five of the small businesses and nonprofits that accessed financing through Connect2Capital during the COVID-19 crisis.

5 Small Businesses Helped by Connect2Capital During the COVID-19 Crisis

  1. Equal Access International helps communities around the world drive sustainable transformative change through participatory media, tech, and outreach models. These community-created platforms elevate marginalized voices and build locally-led movements that shift power, inspire change, and promote positive solutions to social issues.
  2. Forget Me Not Farm has helped thousands of at-risk children and youth break the cycle of abuse. The program offers animal-assisted and horticultural therapeutic activities that provide a haven for abused children. 
  3. Casa Teresa is a home providing pregnant women in crisis a loving place to support their healing journey to break cycles, transform women, and help families thrive.
  4. Career Girls is a platform that gives young girls useful methods for attaining their professional dreams and goals. They use video, mentorship, interviews, and educational materials to help propel young girls on their career journeys.
  5. A Home Within creates and supports long-lasting, caring relationships, and is dedicated to enhancing the emotional well-being of the foster-care community.

What’s Next?

While we can’t predict what will happen next or how it will impact economic recovery, CSTMR is committed to partnering with more companies like Connect2Capital. 

Here’s why:

  • We believe everyone deserves financial wellbeing and the ability to live more confident and successful lives. 
  • We believe the path to economic recovery is being paved by fintech companies—both new and established.  
  • We believe it’s our responsibility to make sure those companies can be found online by the people and businesses who need them most.
  • We believe that by partnering together, we can make a positive difference in lives around the world. 

“There is just absolutely no way we could have done this without the tech tools we have,” said Davis. “We thank CSTMR for the amazing work they’ve done helping us build and grow our platforms over the past year.” 

Watch the latest Fintech Shares roundtable discussion on-demand to learn more about the state of lending due to COVID-19, and hear directly from CRF Vice President of Program Strategy and Development, Patrick Davis. 

Twitter0
LinkedIn0
Facebook0
Google+0

Filed Under: Fintech Marketing, News

Free Marketing Consultation

Start by discussing your digital marketing outlook with CSTMR's CEO, Rory Holland in a free marketing consultation We will share insights and guidance and see if we are a good fit to help your organization grow.
Schedule your consultation

Learn more about CSTMR

Our Services

Our core marketing services include customer acquisition, web & mobile UX/design, and conversion optimization.

Our Clients

Learn more about the variety of clients we've worked with and how we've helped these people and companies advance and grow in banking, payments, lending, insurance, credit, investing and much more.

Our Team

Our diverse crew of fintech and financial services experts have honed their skills over time providing positioning and messaging strategy, acquisition campaigns, new channels, web/mobile UX and visual design, and conversion optimization.

Connect with us

We're a Financial and Fintech Marketing Agency based in the thriving tech centers of Austin, Texas and San Francisco, California and work with great companies throughout the U.S., North America, and Globe.

Connect now

Ready to get growing?

The road to growth is littered with good intentions. CSTMR provides the experience and talent to let you blow through good intentions and generate sustained growth on your path to real, measurable revenue and success.

Get growing!

Fintech Insights for Growth

Please enter your email address below to receive our thoughtful and timely Fintech marketing insights and information.

  • s1
  • s1
  • s1
  • What we do
  • Case Studies
  • About Us
  • Blog
  • Join Us
  • Privacy Policy
  • Contact Us

Copyright 2019 © CSTMR, Inc. All rights reserved.

This sites uses cookies to analyze traffic and for ads measurement purposes. Privacy Policy

CSTMR
Powered by  GDPR Cookie Compliance
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.

Strictly Necessary Cookies

Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings.

If you disable this cookie, we will not be able to save your preferences. This means that every time you visit this website you will need to enable or disable cookies again.