GRANT · HOW TO WIN THIS
Loan amounts vary; no specific figures published.
Rolling — no deadline, apply anytime.
FUNDING TYPE
CDFI, Loan
CAN YOU GET THIS?
YOUR REAL ODDS
No public data on approval rates, but as a CDFI they are specifically designed to serve borrowers underserved by conventional lenders.
Applications are rolling, so there's no competitive cohort — your odds depend on your individual financial profile and ability to demonstrate a path to stability.
WHAT IT TAKES
Become a Magnolia FCU member — 1–3 days
Contact a branch or apply online for a business loan — 1 day
Review and respond to any requests from a loan officer — 1–2 weeks
WORTH KNOWING
Magnolia explicitly states they look beyond credit scores and take time to understand your situation — if you've been turned down elsewhere, this CDFI model is worth trying.
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$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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$19/month · cancel anytime