GRANT · HOW TO WIN THIS
Varies; loan amounts not publicly specified.
Rolling — no deadline, apply anytime.
FUNDING TYPE
CDFI, Loan
CAN YOU GET THIS?
YOUR REAL ODDS
Loan approval depends on individual creditworthiness and standard credit union underwriting, not a competitive grant selection process.
This is a CDFI loan product, not a grant, so funding is available on a rolling basis to qualified applicants rather than through a limited award pool.
WHAT IT TAKES
Confirm eligibility for membership in the service area counties — 1 day
Join CLCU and open an account — 1-3 days
Apply for a loan online or in branch — 1-2 days
WORTH KNOWING
As a member-owned cooperative, CLCU advertises lower fees and better rates than most banks, which can make this a cost-effective borrowing option for small businesses in underserved rural counties.
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