GRANT · HOW TO WIN THIS
Varies; no published minimum or maximum for business loans.
Rolling — no set deadline, apply any time.
FUNDING TYPE
CDFI, Loan
CAN YOU GET THIS?
YOUR REAL ODDS
They market themselves as saying yes where big banks say no, but specific approval rates are not published.
As a community-focused CDFI, they emphasize accessible lending for underserved borrowers, which may mean more flexibility than traditional banks. No data on volume or competitiveness is available.
WHAT IT TAKES
Confirm you're in a qualifying parish and become a member with a small deposit — Same day
Apply for a business loan online or schedule an appointment at a branch — 1–2 days
Work with a loan officer through the review and approval process — Days to weeks depending on loan type
WORTH KNOWING
As a certified CDFI, Ascension CU explicitly serves borrowers who may not qualify at traditional banks — if you've been turned down elsewhere, this is worth trying.
MORE LIKE THIS
Community 1st Credit Union
Varies; loan terms depend on business type and credit profile.
Iowa-based small businesses and startups can apply for business loans through this CDFI credit union on a rolling basis.
Afena Federal Credit Union
Varies; personal and business loans from $200 up to undisclosed amounts depending on product.
Small businesses and startups in Indiana can access loans through this CDFI credit union, with no stated identity restrictions.
The Bridgeway Federal Credit Union
Varies; specific loan amounts not published.
Small businesses and startups in Alabama can apply for loans on a rolling basis through this CDFI credit union.
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$19/month · cancel anytime