GRANT · HOW TO WIN THIS
Loan amount varies; one-time funding based on application.
Rolling — no set deadline, apply any time.
FUNDING TYPE
CDFI, Loan
CAN YOU GET THIS?
YOUR REAL ODDS
No public data on approval rates, but CDFI lenders are specifically designed to serve businesses that may not qualify for traditional bank loans.
First Eagle has deployed $106.8 million in community development loans over the past five years, suggesting consistent and active lending activity.
WHAT IT TAKES
Review First Eagle's lending focus and confirm your business is based in or near their Illinois service area — 1–2 hours
Contact First Eagle directly to discuss your financing needs and eligibility — 1 week
Prepare and submit a loan application with business financials — 2–4 weeks
WORTH KNOWING
As a CDFI, First Eagle explicitly prioritizes racial equality and inclusive economic development, so mission-aligned businesses serving underserved communities may be a stronger fit.
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The Bridgeway Federal Credit Union
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