Accessing Affordable Capital

One of the greatest barriers to entry for starting or growing a small business in the Delta region is the availability and accessibility of affordable capital. In rural Delta communities, there is often a lack of access to sound banking services, safe lending opportunities, and the capital needed to achieve business success.

We know that:

  • 57 percent of DRA counties and parishes received zero loan support from Community Development Financial Institutions (CDFIs) from 2009-2012;
  • Only 20 percent of the $1.24 billion in CDFI loans to DRA counties and parishes went to small businesses as micro-loans; and
  • Less than 10 percent of these CDFI loans were made in rural communities.

The Delta Regional Authority is working with the US Small Business Administration, the Community Development Financial Institutions Fund, and regional lenders to address this need for increased access to affordable capital through targeted networking sessions for small business owners and conversations with stakeholders to identify opportunities to increase lending in Delta counties and parishes.