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Get to know McLennan Community Investment Fund

The McLennan Community Investment Fund (MCIF) is a 501(c)(3) non-profit organization and a certified Community Development Financial Institution (CDFI) dedicated to fostering economic growth in McLennan County, Texas. Founded by local leaders from the Greater Waco Chamber of Commerce, the City of Waco, and McLennan County, MCIF's mission is to support the creation and expansion of small businesses, with a particular focus on minority- and women-owned enterprises. It achieves this by providing flexible and affordable loans, along with valuable technical assistance, to entrepreneurs who may not qualify for traditional financing.

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McLennan Community Investment Fund

United States

Founded in

2020 (6 Years)

Founded

Last online: No recent activity

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Markets.com

(326 reviews)

United States

2008

(18 years)

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A Grade License

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B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

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