Dept. of Treasury - Small Dollar Loan Program. Deadline: 6/15/22. $11.3M Available.

Opportunity Title:

Fiscal Year 2022 Small Dollar Loan Program

Opportunity Number:

CDFI-2022-SDL

Description:

Through the Small Dollar Loan Program (SDL Program), the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) awards grants to Certified CDFIs to encourage Certified CDFIs to establish and maintain small dollar loan programs and provide alternatives to high cost small dollar loans. Certified CDFIs will use award funds to help unbanked and underbanked populations build credit, access affordable capital, and allow greater access into the mainstream financial system.

Eligibility:

Applicants must be Certified Community Development Financial Institutions (CDFIs).

Total Amount Available:

$11,300,000

Maximum Award:

$500,000

Minimum Award:

$10,000

Application Deadline:

June 15, 2022

Opportunity Link

Grant Management Associates has years of experience with opportunities like this one. Contact us today for a consultation.