GRANT · HOW TO WIN THIS
Loan amounts vary; fixed SBA 504 rates currently range from 6.17% (10-year) to 6.40% (25-year).
Rolling — applications accepted year-round.
FUNDING TYPE
CDFI, Loan
CAN YOU GET THIS?
YOUR REAL ODDS
No public acceptance rate is listed, but they have been active since 1995 with a broad stated mission of funding businesses and creating jobs.
As a CDFI with multiple loan products and translation services in five languages, they appear oriented toward accessibility. Odds depend on your creditworthiness and loan type, not a competitive grant selection process.
WHAT IT TAKES
Review loan options (SBA 504, Direct Loan, Nonprofit) — 1-2 hours
Submit a loan application online or contact their office — 1-2 days to prepare
Work with staff through underwriting and approval — Varies by loan type
WORTH KNOWING
Coastal explicitly helps navigate the loan process from start to finish and offers free mentoring and business workshops, which can strengthen your application and business readiness.
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.
Explore the funding database →
$19/month · cancel anytime