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CDFI, Loan

CDFI, Loan

North America

North America

OPEN

OPEN

GRANT · HOW TO WIN THIS

First State Bank

First State Bank

Varies; loan amount determined per application.

·

Rolling — apply anytime, no deadline.

AMOUNT

Varies; loan amount determined per application.

AMOUNT

Varies; loan amount determined per application.

DEADLINE

Rolling — apply anytime, no deadline.

DEADLINE

Rolling — apply anytime, no deadline.

FUNDING TYPE

CDFI, Loan

CAN YOU GET THIS?

Open to small businesses and startups; no industry or identity restrictions listed.

Open to small businesses and startups; no industry or identity restrictions listed.

First State Bank offers business loans through its standard lending services. As a CDFI-affiliated community bank, it may have more flexibility for underserved borrowers, but specific eligibility criteria are not published on the site.

First State Bank offers business loans through its standard lending services. As a CDFI-affiliated community bank, it may have more flexibility for underserved borrowers, but specific eligibility criteria are not published on the site.

YOUR REAL ODDS

No public data on approval rates; competitiveness depends on your creditworthiness and business profile.

This is a community bank loan, not a grant competition, so your odds depend on standard lending criteria rather than a selection process. Rolling applications mean you can apply anytime without waiting for a cycle.

WHAT IT TAKES

  1. Review business loan offerings on the FSB website or call the bank directly — 30–60 minutes

  2. Prepare basic business financials and documentation a lender would request — 1–3 days

  3. Submit a loan application online or in person at a Russellville branch — 1–2 hours

WORTH KNOWING

First State Bank is FDIC-insured and operates as a community bank, which often means more personalized underwriting than a large national bank — worth a direct conversation if your financials are non-traditional.

Apply on the funder’s site →

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.

This is 1 of 1,600+ open opportunities.

This is 1 of 1,600+ open opportunities.

$50B+ in available capital across grants, VC funds, CDFIs, and accelerators. Filter by your industry, stage, and region, and see everything you qualify for.

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