GRANT · HOW TO WIN THIS
Varies by loan type; multiple programs available including microloans and small business loans.
Rolling — no set deadline, applications accepted on an ongoing basis.
FUNDING TYPE
CDFI, Loan
CAN YOU GET THIS?
YOUR REAL ODDS
CBAC made over 1,100 loans between 2014 and 2024, averaging roughly 110 loans per year.
As a mission-driven CDFI, CBAC works one-on-one with applicants to tailor financing, suggesting a more accessible process than traditional bank lending. Exact approval rates are not published.
WHAT IT TAKES
Review loan programs (Microloans, Small Business Loans, Geographic Loans) to find the right fit — 1–2 hours
Complete the loan application and gather required forms from the CBAC website — A few days
Work with CBAC staff one-on-one to finalize your financing package — Varies by loan complexity
WORTH KNOWING
CBAC can co-lend alongside banks and other lenders, so if a bank has partially approved you but won't cover the full amount, CBAC may be able to fill the gap.
MORE LIKE THIS
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Varies; personal and business loans from $200 up to undisclosed amounts depending on product.
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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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