GRANT · HOW TO WIN THIS
Varies; loan amounts not publicly listed — contact CILC directly.
Rolling — apply at any time, no set deadline.
FUNDING TYPE
CDFI, Loan
CAN YOU GET THIS?
YOUR REAL ODDS
No public data on approval rates, but as a CDFI mission-lender, they are explicitly designed to say yes where banks say no.
CILC has published multiple small business success stories, suggesting active lending activity. Because this is a loan (not a grant), approval depends on your ability to repay, not just eligibility.
WHAT IT TAKES
Review loan program details on their website — 30 minutes
Contact CILC directly by email or phone to discuss your situation — 1–2 days
Prepare and submit a loan application with business and financial documentation — 1–2 weeks
WORTH KNOWING
CILC pairs lending with free financial wellness coaching — using their coaching resources before applying could strengthen your application and your business plan.
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