WASHINGTON—Entrepreneurs in the mountain communities surrounding Asheville, N.C., can’t always get the money they need from a bank. That’s where Matthew Raker and his team come in.
Mr. Raker is the executive director of Mountain BizWorks, a nonprofit loan fund focused on lending to small businesses that typically have trouble securing loans through traditional financial institutions. Many of the 350 small businesses he works with are led by women, minorities or people from rural areas.
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