Lending Practice
ACCESS Financed the Contract, Not the Credit File: One Painter, 19 Deals, and a Run Toward $8M
A Nevada painting contractor with $120,000 in revenue won a hotel contract it could not afford to start. ACCESS CDFI financed about 80 percent of the contract value anyway, then repeated the deal 18 more times. The case, shared at a Federal Reserve symposium, is a clean look at what opportunity-based underwriting actually requires.
By Pharoh Martin
