GRANT · HOW TO WIN THIS
Varies; personal loans range $1,000–$50,000; commercial loan amounts not publicly listed.
Rolling — no set deadline, applications accepted year-round.
FUNDING TYPE
CDFI, Loan
CAN YOU GET THIS?
YOUR REAL ODDS
No public data on approval rates, but as a CDFI cooperative, it is designed to serve underbanked communities and small businesses that may not qualify at traditional banks.
Rolling applications mean you can apply at any time, but approval depends on your creditworthiness and membership status. CDFI lenders typically have more flexible underwriting than conventional banks.
WHAT IT TAKES
Become a member (Hazte Socio) by submitting a membership application on their website — 1–3 days
Gather business documents (corporate account or DBA setup, financials) — 1 week
Apply for a commercial loan or line of credit through the commercial products section — 1–2 weeks for processing
WORTH KNOWING
The cooperative also lists a student scholarship application (Solicitud de Beca Estudiantil) on its site — if you are a member or have dependents studying, that may be a separate opportunity worth exploring.
MORE LIKE THIS
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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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