LoanEasy difficulty
CDFI Community Development Loan
CDFI Fund (Treasury Department)
Amount
$1K – $500K
Interest Rate
Below-market, varies by lender
Max Term
7 years
Approval Time
2–6 weeks
About This Program
Below-market loans from Community Development Financial Institutions, specifically designed to serve underbanked communities and entrepreneurs who face barriers to traditional financing.
Eligibility Requirements
Minimum Credit Score
550
Minimum Years in Business
None (startups welcome)
Minimum Annual Revenue
None
Eligible Business Types
sole proprietor, llc, s corp, c corp, partnership, nonprofit
Documents Required
- Business plan
- Personal and business tax returns
- Bank statements
- Description of community impact
How to Apply
- 1Check your eligibility using our free checker tool
- 2Gather the required documents listed above
- 3Visit the official program page and submit your application
- 4Wait for review — typical approval takes 2–6 weeks