GRANT · HOW TO WIN THIS
Loan amount varies; no published minimum or maximum.
Rolling — applications accepted at any time.
FUNDING TYPE
CDFI, Loan
CAN YOU GET THIS?
YOUR REAL ODDS
No public data on approval rates or number of loans issued annually.
This is a community-focused CDFI cooperative rooted in Barranquitas, PR, with 6 branch locations across the island. As a member-owned institution, it is oriented toward supporting local economic development, which may favor community-connected applicants.
WHAT IT TAKES
Become a member: bring valid ID, Social Security card, utility bill, and $120 deposit to a branch or online — 1 day
Gather loan documents: ID, Social Security card, utility bill, and proof of income — 1-3 days
Submit loan application online via credicentrocoop.com or at one of 6 branches — Under 1 hour
Wait for a loan officer to contact you to continue the process — Varies
WORTH KNOWING
The cooperative explicitly lists support for self-employment and small businesses as part of its mission, which may make it more receptive to early-stage or micro-business applicants than a traditional bank.
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