GRANT · HOW TO WIN THIS
Varies; terms up to 25 years at fixed rates.
Rolling — no set deadline, apply any time.
FUNDING TYPE
CDFI, Loan
CAN YOU GET THIS?
YOUR REAL ODDS
BEFCOR approved over $80 million in loans in 2025, suggesting consistent, active lending volume.
This is a loan program, not a competitive grant, so approval depends on your creditworthiness and project viability rather than a selection pool. Rolling submissions mean no waitlist tied to a cycle.
WHAT IT TAKES
Review loan options (SBA 504 vs. CDFI) on their site to identify the right fit — 1–2 hours
Submit an application via the Apply Now portal at befcor.com — 1–3 hours to prepare
Work with BEFCOR team through underwriting and approval process — Several weeks, timeline not specified
WORTH KNOWING
SBA 504 loans are specifically designed for real estate purchases, construction, or business expansion — not working capital. If that matches your use case, current fixed rates are 6.116% (25-year) and 6.170% (20-year), locking in predictable long-term payments.
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.
$50B+ in available capital across grants, VC funds, CDFIs, and accelerators. Filter by your industry, stage, and region, and see everything you qualify for.
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