MLCDC Awarded $25,000 Grant to Increase Small Business Lending

The Midlands Latino Community Development Corporation (MLCDC) (www.midlandslatinocdc.org) has been awarded a $25,000 grant from the Sam’s Club Charitable Giving Program. Approved by the National Association for Latino Community Asset Builders (NALCAB), these grants are given to organizations nationwide that are dedicated to actively increasing lending to small and microbusinesses.

Celebrating its 10th anniversary, MLCDC provides Latinos with opportunities to generate economic growth in the Midlands. Through its micro-lending program, MLCDC helps small businesses that have no access to bank loans by providing business loans. These initiatives include developing business plans tailored to ongoing management and operations, assisting owners in the preparation of documents necessary to bank loans and/or other financing through micro-lending. MLCDC will also officially become a Community Development Financial Institution (CDFI) in 2017. These are institutions that are 100% dedicated to delivering responsible, affordable lending to help low-income, low-wealth, and other disadvantaged people and communities join the economic mainstream.

For more information about MLCDC and the work this local non-profit organization is doing in the Omaha Metro area, please call (402) 933-4466 or visit www.midlandslatinocdc.org.