Life Asset, Inc.

$500–$1,500 initially; increases with timely repayment. 6% annual interest plus a one-time 3% fee. Terms of 3–12 months.

Rolling — applications accepted at any time.

AMOUNT

$500–$1,500 initially; increases with timely repayment. 6% annual interest plus a one-time 3% fee. Terms of 3–12 months.

AMOUNT

$500–$1,500 initially; increases with timely repayment. 6% annual interest plus a one-time 3% fee. Terms of 3–12 months.

DEADLINE

Rolling — applications accepted at any time.

DEADLINE

Rolling — applications accepted at any time.

FUNDING TYPE

CDFI, Loan

CAN YOU GET THIS?

You can apply if you're an entrepreneur in the Greater D.C. area who has been turned down or would be turned down by a traditional lender.

No credit score, collateral, or employment status is required. You must use the loan for business purposes and join or form a peer group of 3–5 fellow entrepreneurs.

YOUR REAL ODDS

Life Asset has funded over 1,500 borrowers since 2011, with rolling acceptance and no competitive grant cycle.

This is a loan, not a grant, so approval depends on your commitment to the peer group model and repayment plan rather than a competitive selection process.

WHAT IT TAKES

Submit a loan application on the Life Asset website — 1–2 hours
Form or join a peer entrepreneur group of 3–5 people — 1–2 weeks
Complete required training (free, offered in English, Spanish, and French) — Ongoing weekly sessions

WORTH KNOWING

Life Asset uses a Grameen Bank-style 'social collateral' model — your peer group's repayment progress affects your ability to get a new loan, so choosing reliable group members matters as much as your own creditworthiness.

Apply on the funder’s site →

Community 1st Credit Union

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Afena Federal Credit Union

Varies; personal and business loans from $200 up to undisclosed amounts depending on product.

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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.

$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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