Craft3 is a nonprofit Community Development Financial Institution (CDFI) lender with a mission to strengthen economic, ecological and family resilience in Pacific Northwest communities. We do this by providing specialized loans to entrepreneurs, nonprofits and individuals who don’t have access to traditional financing. Craft3 then complements these financial resources with expertise, networks and other advocacy for our clients.
Craft3's partnership with Community Sourced Capital aims to amplify the impact of small business loans in Oregon and Washington. When Squareholders contribute to your small business, it is a great indication that you’re the kind of community business Craft3 looks for as a borrower.
Craft3 uses the credibility you established through community loans to contribute additional capital, thus lending money to your business alongside Squareholders. We get paid back at the same pace as Squareholders.
After repaying a smaller loan to their community, many Community Sourced Capital borrowers have graduated to receive larger loans from Craft3. That's the kind of innovation we can accomplish by working together.