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