GRANT · HOW TO WIN THIS
Loan amounts vary; emergency loans go up to $5,000. Commercial loan limits not publicly specified.
Rolling — no set deadline, applications accepted on an ongoing basis.
FUNDING TYPE
CDFI, Loan
CAN YOU GET THIS?
YOUR REAL ODDS
Odds depend on your creditworthiness and membership status, not a competitive grant process.
This is a loan product, not a grant. As a CDFI cooperative, it typically offers lower interest rates than commercial banks, but approval follows standard lending criteria.
WHAT IT TAKES
Become a member by opening a share account (Cuenta de Acciones) — 1-3 days
Schedule an orientation appointment online or by phone — 1-2 days
Submit a commercial loan application — Varies by loan type
WORTH KNOWING
The cooperative explicitly offers lower interest rates than traditional commercial banks as a member benefit, which can meaningfully reduce borrowing costs for early-stage businesses.
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.
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