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