A Fort Worth Cuban restaurant is ready to open and welcome customers as part of a Community Development Financial Institutions Fund initiative.
"It's been good,” owner Liliam Morin said. “A lot of growth."
Growth because the business started out as a food truck four years ago. Thanks to their successful business and a little financial help through a low-interest loan from the CDFI Friendly Initiative, they now have a brick-and-mortar. "I don't believe we'd be able to do it without that help,” Morin said. “This is a large step for us coming from a food truck. It's hard with the credit and the collateral that you need to."or CDFI initiative started last year. It's provided $10.3 million so far in new capital to minority-owned businesses in Fort Worth.
"Your CDFIs are geared towards your underserved,” Jeremis Smith, Legacy Construction Solutions CEO, said. “Your less heard companies and smaller businesses. So, I think it could be good if they do exactly what they are supposed to do."
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