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M&F Bank Earns Small Business Administration Preferred Lender Status

Nov 27, 2023

DURHAM, N.C.-Nov. 27, 2023 – M&F Bank, the only Community Development Financial Institution (CDFI) and minority-owned bank in North Carolina, today announced it has attained delegated authority with the U.S. Small Business Administration (SBA) for the SBA 7(a) business loan program. M&F Bank is one of only a few minority-owned, CDFI designated establishments in the country to have attained this status.

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