GRANT · HOW TO WIN THIS
Varies by loan type; no stated maximum published.
Rolling — no set deadline, apply anytime.
FUNDING TYPE
CDFI, Loan
CAN YOU GET THIS?
YOUR REAL ODDS
No public data on approval rates, but as a not-for-profit CDFI credit union, it is designed to serve borrowers who may not fit traditional bank criteria.
They explicitly offer second-chance products and credit builder loans, which suggests flexibility. Competitiveness is unknown, but the community-focused mission favors working with applicants directly.
WHAT IT TAKES
Confirm membership eligibility (location or workplace partner) — 1 day
Join the credit union and open an account if needed — 1-3 days
Apply for the relevant loan product (business, personal, or consolidation) — 1-2 weeks
WORTH KNOWING
They offer Second Chance loan products and a Credit Builder Loan, which may be useful for founders with limited or damaged credit history.
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The Bridgeway Federal Credit Union
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Small businesses and startups in Alabama can apply for loans on a rolling basis through this CDFI credit union.
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