Community Development Financial Institution (CDFI) Loan Program

Community Development Financial Institution Loan Program is intended for small businesses in low income areas as a means to facilitate job creation and retention.

Eligible Borrowers:

  • Small for-profit businesses
  • Must be located in areas where income levels are less than the U.S. Median Family Income

Loan Amounts

  • Maximum: $50,000
  • Minimum: $25,000

Guaranty Percentages

  • N/A

Approved Uses of Proceeds

  • Land acquisition
  • Construction or renovation
  • Purchase of machinery or equipment
  • Purchase of furniture or fixtures
  • Working capital
  • Inventory
  • Seasonal line of credit
  • Refinancing existing debt
  • Purchase of an eligible business

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