GRANT · HOW TO WIN THIS
Varies by loan type; High Gear Loan goes up to $20k.
Rolling applications — no set deadline.
FUNDING TYPE
CDFI, Loan
CAN YOU GET THIS?
YOUR REAL ODDS
They have made 4,493 loans totaling $147M, with $37.4M in new loans in 2024 alone, suggesting consistent, active lending.
As a CDFI, they are mission-driven to lend where banks often won't, which improves odds for founders who lack traditional credit profiles. Specific approval rates are not published.
WHAT IT TAKES
Complete the quick loan inquiry form on their website — 30–60 minutes
Attend an orientation session if you are new to Mountain BizWorks — 1–2 hours
Work with their team to finalize loan application and documentation — 1–3 weeks
WORTH KNOWING
Mountain BizWorks offers a High Gear Loan for rapid working capital up to $20k for existing businesses, which may be a faster path than a standard loan if you need funds quickly.
MORE LIKE THIS
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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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