GRANT · HOW TO WIN THIS
Loan amount varies; contact the fund directly for specifics.
Rolling submissions — no set deadline.
FUNDING TYPE
CDFI, Loan
CAN YOU GET THIS?
YOUR REAL ODDS
No public data on number of loans made or approval rates is available from the source.
The fund has operated for over 20 years and works closely with other lenders, suggesting it functions as a gap or co-lender rather than a primary capital source. Rolling submissions mean you can apply at any time, which reduces time pressure.
WHAT IT TAKES
Contact Impact Services directly to discuss your financing need — 1–2 days
Prepare basic business financials and a description of the jobs or redevelopment impact — 1–2 weeks
Submit application and work through underwriting process — Varies
WORTH KNOWING
The fund explicitly works 'closely with other lenders,' so it may be most useful as a complement to a bank loan rather than a standalone funding source — worth asking about co-lending arrangements upfront.
MORE LIKE THIS
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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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