GRANT · HOW TO WIN THIS
Loan amounts vary; microloans, small business loans, and nonprofit loans all available.
Rolling applications — no set deadline.
FUNDING TYPE
CDFI, Loan
CAN YOU GET THIS?
YOUR REAL ODDS
No approval rate is published, but the fund has disbursed loans to hundreds of New Mexico businesses since 1989 and recorded a record $5.6 million in loans in the second half of 2023 alone.
The fund is a mission-driven CDFI designed to approve borrowers banks reject, so credit flexibility is a feature — but you still need to demonstrate a viable business.
WHAT IT TAKES
Review loan types and use their loan calculator to gauge fit — 30–60 minutes
Gather business and personal financial statements — 1–3 days
Submit an application online or book an appointment — 1–2 hours
WORTH KNOWING
Banks, credit unions, and community organizations actively refer clients to The Loan Fund — if you've already been declined elsewhere, that rejection may actually strengthen your case for CDFI financing here.
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