GRANT · HOW TO WIN THIS
Varies; no published minimum or maximum.
Rolling — apply at any time.
FUNDING TYPE
CDFI, Loan
CAN YOU GET THIS?
YOUR REAL ODDS
No public data on approval rates or number of loans made per year.
As a CDFI-affiliated credit union with a stated mission to welcome all regardless of wealth, they appear more accessible than traditional banks, but specific approval criteria and rates are not published on the site.
WHAT IT TAKES
Confirm you're in the service area and join as a member — 1 day
Contact the Business Lending Team to discuss your needs — 1-3 days
Apply for a business loan — 1-2 weeks
WORTH KNOWING
CoVantage explicitly states they work with members experiencing financial challenge, which may make them more flexible than a conventional bank for early-stage or credit-challenged founders.
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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