CDFI, Loan

CDFI, Loan

North America

North America

OPEN

OPEN

GRANT · HOW TO WIN THIS

First Eagle Bank

First Eagle Bank

Varies; no publicly listed minimum or maximum.

·

Rolling — no set deadline, apply anytime.

AMOUNT

Varies; no publicly listed minimum or maximum.

AMOUNT

Varies; no publicly listed minimum or maximum.

DEADLINE

Rolling — no set deadline, apply anytime.

DEADLINE

Rolling — no set deadline, apply anytime.

FUNDING TYPE

CDFI, Loan

CAN YOU GET THIS?

Open to small businesses and startups, with a focus on community development in Illinois.

Open to small businesses and startups, with a focus on community development in Illinois.

First Eagle Bank is a CDFI (Community Development Financial Institution) serving the Chicago area, including West Loop and DuPage County. They offer commercial lending to small businesses and startups, with a stated commitment to racial equity and inclusive economic development.

First Eagle Bank is a CDFI (Community Development Financial Institution) serving the Chicago area, including West Loop and DuPage County. They offer commercial lending to small businesses and startups, with a stated commitment to racial equity and inclusive economic development.

YOUR REAL ODDS

No public data on approval rates, but the bank has deployed $106.8 million in community development loans over the past five years.

As a CDFI, they prioritize underserved borrowers and community impact. Loan amounts vary and are not publicly specified, so direct outreach is needed to assess fit.

WHAT IT TAKES

  1. Contact the bank directly via their website or by phone to discuss your lending needs — 1-2 days

  2. Prepare business financials and a clear description of your community impact or development purpose — 1-2 weeks

  3. Submit a loan application and work with a loan officer through review — Varies by loan type

WORTH KNOWING

First Eagle emphasizes personal relationships over automated processes — reaching out directly to a loan officer rather than applying cold through a form may meaningfully improve your chances.

This is 1 of 1,600+ open opportunities.

This is 1 of 1,600+ open opportunities.

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