GRANT · HOW TO WIN THIS
Varies; no publicly listed minimum or maximum.
Rolling — no set deadline, apply anytime.
FUNDING TYPE
CDFI, Loan
CAN YOU GET THIS?
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
Contact the bank directly via their website or by phone to discuss your lending needs — 1-2 days
Prepare business financials and a clear description of your community impact or development purpose — 1-2 weeks
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.
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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