GRANT · HOW TO WIN THIS
Varies by loan type; no specific amounts listed.
Rolling — no set deadline, applications accepted year-round.
FUNDING TYPE
CDFI, Loan
CAN YOU GET THIS?
YOUR REAL ODDS
No public data on approval rates, but as a community CDFI bank they specifically aim to serve businesses that may not qualify at larger banks.
Their CDFI status means they are structured to lend to underserved borrowers, which can make qualification more accessible than a traditional bank, though creditworthiness and business viability still matter.
WHAT IT TAKES
Review loan products and confirm your needs match (term loan, line of credit, SBA, etc.) — 1-2 hours
Contact the Commercial Lending Team directly to discuss your situation — 1 week
Prepare and submit your loan application with supporting financials — 1-3 weeks
WORTH KNOWING
As the only CDFI bank in New Haven, they have a stated mission to serve underserved businesses and communities, which may give applicants with non-traditional credit profiles a better chance than at a conventional bank.
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$19/month · cancel anytime