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CDFI, Loan

CDFI, Loan

North America

North America

OPEN

OPEN

GRANT · HOW TO WIN THIS

Spruce Root, Inc.

Spruce Root, Inc.

Varies; no stated minimum or maximum.

·

Rolling applications — no set deadline.

AMOUNT

Varies; no stated minimum or maximum.

AMOUNT

Varies; no stated minimum or maximum.

DEADLINE

Rolling applications — no set deadline.

DEADLINE

Rolling applications — no set deadline.

FUNDING TYPE

CDFI, Loan

CAN YOU GET THIS?

Open to all Southeast Alaskans, with a focus on Indigenous entrepreneurs and communities.

Open to all Southeast Alaskans, with a focus on Indigenous entrepreneurs and communities.

Spruce Root serves small businesses and startups across Southeast Alaska, providing loans alongside coaching and workshops. While it is an Indigenous institution with roots in Native communities, it explicitly states it provides resources to 'all Southeast Alaskans.'

Spruce Root serves small businesses and startups across Southeast Alaska, providing loans alongside coaching and workshops. While it is an Indigenous institution with roots in Native communities, it explicitly states it provides resources to 'all Southeast Alaskans.'

YOUR REAL ODDS

No specific acceptance rate is published, but applicants work directly with business coaches throughout the process.

Because Spruce Root pairs loan applicants with coaches from business plan through funding, this is a supported process rather than a blind competitive pool. Loan amounts vary and are not specified publicly.

WHAT IT TAKES

  1. Contact Spruce Root and connect with a business coach — 1-2 days

  2. Develop or refine your business plan with coach support — Weeks to months depending on stage

  3. Submit your loan application — Varies

WORTH KNOWING

Spruce Root offers business coaching and workshops alongside loans, so engaging with their free resources first is a natural on-ramp that also strengthens your application.

Apply on the funder’s site →

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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.

This is 1 of 1,600+ open opportunities.

This is 1 of 1,600+ open opportunities.

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