GRANT · HOW TO WIN THIS
Varies; loan amounts not specified publicly.
Rolling — no fixed deadline, apply anytime.
FUNDING TYPE
CDFI, Loan
CAN YOU GET THIS?
YOUR REAL ODDS
No specific acceptance rate is published, but the foundation has a track record of funding local small businesses across multiple industries.
Recipients include businesses in hospitality, food and beverage, and retail. The foundation has awarded multiple loans to the same businesses over time, which suggests an ongoing relationship model rather than one-time awards.
WHAT IT TAKES
Review loan options on their website and determine which fits your business — 1-2 hours
Prepare business documents and application materials — 1-2 weeks
Submit application and follow up by phone or email — 1 day
WORTH KNOWING
MBF also offers free workshops and technical assistance alongside loans, which recipients have cited as meaningful support beyond just the capital. Engaging with their educational programs may strengthen your relationship with the foundation before or during your loan application.
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.
$50B+ in available capital across grants, VC funds, CDFIs, and accelerators. Filter by your industry, stage, and region, and see everything you qualify for.
Explore the funding database →
$19/month · cancel anytime