GRANT · HOW TO WIN THIS
Varies by project; no stated minimum or maximum.
Rolling applications — no set deadline.
FUNDING TYPE
CDFI, Loan
CAN YOU GET THIS?
YOUR REAL ODDS
FCLF has deployed $856 million over 30 years, suggesting a steady but selective lending volume.
As a CDFI, FCLF prioritizes social impact over financial return, but loans still require creditworthy borrowers with viable projects. Competition depends on deal size and type; no approval rate data is published.
WHAT IT TAKES
Review loan programs and eligibility on the FCLF website — 1-2 hours
Contact FCLF directly to discuss your project before applying — 1-2 weeks
Submit a formal loan application through their process — 2-4 weeks
WORTH KNOWING
FCLF explicitly states they care about your mission, not just the bottom line, and they pair capital with development services expertise — making them more open to complex community deals that traditional lenders won't touch.
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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