Officials celebrate the transition of Fresno Community Development Financial Institution to Access Plus Capital as part of a 2017 rebranding. Access Plus Capital image
Written by Alex Light
Fresno-based Access Plus Capital, a Community Development Financial Institution, announced its intention to enhance its operational capabilities by becoming a standalone entity.
Access Plus Capital has served as a subsidiary of Fresno Economic Opportunities Commission (EOC) since its inception in 2008. Its decision to become independent reflects its growth and dedication to eliminating barriers to financial access within the region, according to a news release.
Effective Sept. 30, the transition is expected to bolster the organization’s ability to fully self-manage its operations and deliver more support for entrepreneurs throughout Central California.
“Our partnership has been nothing but short of extraordinary, enabling us to uplift countless
lives and create lasting economic impact in our beloved community. We are grateful our
partnership has given financial opportunities to residents to start their own businesses and
change their lives. At Fresno EOC, we want people to have resources to shape their future free
from poverty,” said Emilia Reyes, Fresno Economic Opportunities Commission CEO.
With Fresno EOC’s continued support over the last 15 years, Access Plus Capital has deployed more than $50 million to more than 800 businesses in the San Joaquin Valley.
It was back in 1993 when Fresno EOC began serving refugees with up. To $15,000 in micro loans. In 2008, the Fresno Community Development Financial Institution (CDFI), under Fresno EOC, began lending to low- and moderate-income communities.
In 2017, CDFI rebranded as Access Plus Capital.
“I want to take a moment to express my deepest appreciation to Fresno EOC for their
unwavering support and collaboration throughout our journey. We are grateful for the
enduring support and trust that Fresno EOC has placed in us, paving the way for this
significant transition,” said Tate Hill, Access Plus Capital president.