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AllCDFILoanOpen
New Haven Bank
New Haven Bank
Amount
Varies
Deadline
Rolling
Odds
Not published
Effort
1 to 2 hrs
Can you get this?
✓For businesses seeking commercial loans
✓SBA loans available to local businesses
✓Serves traditionally underserved communities
✓Based in or serving New Haven area
Your real odds
No public approval rate exists, but their CDFI status means they are built to lend to businesses that conventional banks turn away.
Being a CDFI structures the bank around serving underserved borrowers, so qualification is more accessible than at a traditional bank, though creditworthiness and business viability still factor into every decision.
What it takes
Review loan products and confirm fit1 to 2 hrs
Contact the Commercial Lending Team1 week
Submit application with supporting financials1 to 3 weeks
Worth knowing
They are the only CDFI bank in New Haven, and that singular mission to serve underserved communities gives applicants with non-traditional credit profiles a real opening that a conventional bank simply does not offer.
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