Craft3 CEO on Trump threat to small business borrowing

Craft3 helps small businesses in Oregon and Washington access capital when conventional banks cannot. Specializing in loans from $50,000 to over $4 million, Craft3 focuses on supporting historically underserved entrepreneurs, including people of color, women, immigrants, and veterans. The organization plays a critical role in Oregon’s small business ecosystem, but potential federal funding cuts to Community Development Financial Institutions (CDFIs)—particularly under a future Trump administration—could jeopardize its operations. These cuts may severely limit access to financing for many small business owners who rely on alternative lenders like Craft3 to launch, grow, or stabilize their businesses.