Community Development Financial Institutions Fund

The Community Development Financial Institutions Fund (CDFI Fund) is a U.S. government initiative aimed at promoting economic growth and development in underserved communities. It provides financial assistance and support to Community Development Financial Institutions, which offer affordable loans, investments, and financial services to low-income individuals and communities. The CDFI Fund focuses on fostering access to capital, encouraging community revitalization, and empowering local economies. By investing in various sectors, including housing, small businesses, and community facilities, the CDFI Fund plays a crucial role in enhancing the economic opportunities available to marginalized populations, thereby contributing to the overall stability and growth of disadvantaged areas.

Jodie Haris

Director

Past deals in Business Development

BlueHub Capital

Grant in 2024
BlueHub Capital is a community development financial institution based in Boston that focuses on fostering healthy communities for low-income individuals. The organization is dedicated to investing in projects that enhance affordable housing, create good jobs, and provide new opportunities within underserved neighborhoods, linking these areas to the broader economy. Founded on the belief that financial and social returns can coexist, BlueHub Capital emphasizes that investing in growth-oriented local businesses can generate solid financial returns while simultaneously strengthening community ties and improving overall quality of life.

Colorado Housing and Finance Authority

Grant in 2024
Colorado Housing and Finance Authority, established in 1973, is a Denver-based lending firm that specializes in providing financial resources to support homeownership, affordable rental housing, and business development.

Impact Development Fund

Grant in 2024
Impact Development Fund is a nonprofit company that offers a wide range of lending and financial services to families and developers.

Enhanced Community Development

Grant in 2024
Provides tax credit financing services to operating companies.

McCormack Baron Companies

Grant in 2024
McCormack Baron Companies is a real estate company that provides development and management services. 

Pioneer Community Bank

Grant in 2023
Pioneer Community Bank is a Bank that offers offer a free checking account, mortgage loans, business checking accounts, & more.

Entrepreneur Fund

Grant in 2023
Entrepreneur Fund provides entrepreneurs with professional tools and personal support to help them build successful businesses. Finance, consulting, strategic planning, and ongoing guidance are among the methods used to develop entrepreneurs.

Alaska Growth Capital

Grant in 2023
Alaska Growth Capital is a firm focused on economic development finance, specifically catering to companies that are beyond the start-up phase. It offers a range of financial services, including business loans and investments, aimed at facilitating economic growth and job creation. By providing management assistance along with flexible financing options, Alaska Growth Capital enables businesses to secure funds that align with their specific needs, thereby promoting sustainable development within the regions it serves.

Vermont Slauson Economic Development Corporation

Grant in 2023
Vermont Slauson Economic Development Corporation is a non-profit organization. They provide business loans and financial services for businesses. Their economic resources to the community include access to capital, business planning, training, and development. They also provide financial advocacy for the communities.

Four Directions Development

Grant in 2023
Four Directions Development is a nonprofit community development corporation that offers counseling and financial services.

LiftFund

Grant in 2023
LiftFund is a community development financial institution that provides financial assistance to small businesses and entrepreneurs. It is a multi-state small business lender that helps new and existing entrepreneurs successfully grow their business. Through affordable lending and business development services, LiftFund is committed to empowering diverse individuals and small businesses that have limited access to traditional sources of capital. gud br

Prestamos CDFI

Grant in 2023
Prestamos CDFI is a CDE and CDFI that offers financial services and products for small businesses and economic projects.

Arkansas Capital Corporation

Grant in 2023
Arkansas Capital through partnerships with the lending community. Arkansas Capital Corporation, in partnership with financial institutions, provides permanent, long-term financing for business startups, expansions, and acquisitions.

Mission Valley Bank

Grant in 2023
Mission Valley Bank is a financial services firm that provides financial services to companies and individuals. Their services include business banking, personal banking, financing, online banking, business cash management, business lending, business savings, business loans, personal loans, personal savings, personal lending, and local banking.

Native 360 Loan Fund

Grant in 2023
Native 360 Loan Fund is a non-profit organization that operates in the commercial lending and credit industry. The company's primary mission is to empower Native American business owners by providing affordable capital and technical assistance. As a Native American Community Development Financial Institution (CDFI), it offers credit, capital, and related programs aimed at building strong and self-sufficient Native American businesses. The company also provides technical support and conducts training for small, Native-owned business entrepreneurs to enhance their business skills and knowledge.

ACE

Grant in 2023
ACE provides loans and business consulting services to start and grow sustainable businesses to 68 counties in GA, including metro Atlanta.

Cook Inlet Lending Center

Grant in 2023
Cook Inlet Lending Center is a non-profit organization that offers affordable home financing and development services in the region.

Washington State Bank

Grant in 2023
Washington State Bank is a community bank that provides a wide range of financial products and services for both individuals and businesses.

Southeast Kentucky Economic Development Corporation.

Grant in 2023
Southeast Kentucky Economic Development Corporation is involved in lending, recruitment & expansion, and training. They aim to improve the quality of life in their service area by promoting sustainable development. They have a team of professionals experienced in all facets of business lending. They also own the Somerset Rail Park and Enterprise Center.

Yabucoop

Grant in 2023
Yabucoop is a Savings and Credit Cooperative that provides lending, and credit facilities to individuals and businesses.

Green Country Federal Credit Union

Grant in 2023
Green Country FCU is a full-service credit union that offers a full range of financial products and services. It offers checking and savings accounts, credit cards, auto loans, mortgages, business accounts, and much more. They strive to provide the quality good member service possible by listening to the members. It offers flexible account options with anywhere, anytime access.

The Fresno Area Hispanic Foundation

Grant in 2023
We are committed in the involvement of business, and growth of our community. We constantly gauge the needs of our Hispanic business community and create opportunities to meet those needs. The manner in which together we engage our community is through a variety of seminars, workshops and community classes.

Raza Development Fund

Grant in 2023
Raza Development Fund, based in Phoenix, Arizona, facilitates access to capital for UnidosUS affiliates and other Latino-serving organizations, fostering economic growth and opportunity within the Latino and low-income communities across the United States.

Community Development Venture Capital Alliance

Grant in 2023
Established in 1993, the Community Development Venture Capital Alliance is a network dedicated to promoting community development venture capital (CDVC) investing. It connects funds that provide equity capital to businesses in underserved markets, aiming for market-rate financial returns alongside job creation, wealth generation, and entrepreneurial capacity building.

Spruce Root

Grant in 2023
Spruce Root is a non-profit community development financial institution that provides financing services, assistance, and business coaching.

Community Vision Capital and Consulting

Grant in 2023
Community Vision Capital and Consulting provides nonprofits, small businesses and social enterprises with strategic investment and guidance.

Feed The Hunger Foundation

Grant in 2023
Feed The Hunger Foundation operates as a Community Development Finance Institution (CDFI), offering loan capital and business development services to food entrepreneurs, farmers, and culinary professionals. Its mission is to foster sustainable food ecosystems by providing access to critical funding and support, enabling these individuals to start, grow, and maintain their businesses.

California Capital

Grant in 2023
California Capital administers a variety of programs promoting small business development and growth in its region, which includes 23 Northern California counties from San Joaquin, north to the Oregon border, and east to Lake Tahoe, which includes: Siskiyou, Modoc, Shasta, Lassen, Tehama, Glenn, Butte, Plumas, Sierra, Nevada, Yuba, Sutter, Colusa, Yolo, Placer, El Dorado, Amador, Calaveras, Alpine, Tuolomne, San Joaquin, Solano and Sacramento.

Mountain BizWorks

Grant in 2023
Mountain BizWorks fosters entrepreneurial growth in Western North Carolina by offering business loans and coaching to small enterprises, focusing on those underserved by traditional financing sources, including low-income individuals, minorities, women, immigrants, and local food system businesses.

Atomic Credit Union

Grant in 2023
Atomic Credit Union is a financial firm that provides digital banking, personal accounts, auto loans, mortgages and business services.

Bridgeway Capital

Grant in 2023
Bridgeway Capital is a Pittsburgh-based organization established in 1990 that focuses on fostering business growth and social impact in western Pennsylvania. The company provides flexible, alternative financing and educational resources to small businesses and nonprofits, enabling them to thrive and create positive economic and social outcomes. By collaborating with lending partners such as banks and credit unions, Bridgeway Capital ensures that these entities have access to the necessary funding for success. Its initiatives aim to generate job opportunities, stimulate healthy competition, and strengthen communities, ultimately contributing to regional economic development and the preservation of essential social services. Through its commitment to bridging entrepreneurial ideas and practical business solutions, Bridgeway Capital plays a significant role in enhancing the local economy.

Concordia Bank & Trust Company

Grant in 2023
Concordia Bank & Trust Company provides personal and commercial banking services.

Fort Randall Federal Credit Union

Grant in 2023
Fort Randall Federal Credit Union provides personal loans, personal accounts, business/agriculture accounts and online banking services.

Merchants & Marine Bank

Grant in 2023
Merchants & Marine Bank offers financial guidance to individuals and businesses in their communities. They provide personal banking, business banking, digital and mobile banking, personal loans, business loans, and financial advisor services.

Nebraska Enterprise Fund

Grant in 2023
Nebraska Enterprise Fund, established as a 501(c)(3) nonprofit organization and certified Community Development Financial Institution (CDFI), supports micro and small businesses in Nebraska and southwest Nebraska through tailored business development services, one-on-one mentoring, and financing options.

Neighborhood Progress Fund

Grant in 2023
Neighborhood Progress Fund is a non-profit organization that provides community members with loans and business development mentoring.

The Progress Fund

Grant in 2023
The Progress Fund is a financial services company that provides capital and technical assistance to underserved entrepreneurs.

Arn Capital

Grant in 2023
Arn Capital is a development financial institution that provides financial services, and investments for micro and small businesses.

First NaturalState Bank

Grant in 2023
First NaturalState Bank is a financial firm that provides loans, insurance, personal and business banking along with online services.

Renaissance Economic Development

Grant in 2023
Renaissance offers direct financing solutions and technical support to facilitate economic growth.

American Indian Chamber of Commerce

Grant in 2023
American Indian Chamber of Commerce promotes economic development through American Indian entrepreneurs.

The Catalytic Fund

Grant in 2023
The Catalytic Fund provides an array of loans, investment, real estate financing, funding, and consulting services.

Ripple Effect Entrepreneurs Fund

Grant in 2023
Ripple Effect Entrepreneur Fund is a non-profit organization whose mission is to strengthen communities by stimulating its economic growth.

Opportunity Resource Fund

Grant in 2023
Opportunity Resource Fund, established in 1985 and based in Lansing, Michigan, is a nonprofit community development financial institution. It offers flexible loan solutions to support small businesses at various stages, from startup to expansion. Their financing options include startup capital, working capital, business expansion, and other types of funding, aimed at driving economic development and empowering local communities.

Sequoyah Fund

Grant in 2023
Sequoyah Fund provides business and auto loans and offers lending and training services to small businesses.

Great Falls Development Authority

Grant in 2023
Established in 1992, this public-private partnership focuses on business attraction, retention/expansion, start-up support, and other initiatives to promote economic growth, diversification, and high-wage job creation in Great Falls, Montana.

OneUnited Bank

Grant in 2023
OneUnited Bank is the largest Black-owned bank in the United States and the first Black internet bank, with locations in Los Angeles, Boston, and Miami. Founded in 1968 and formerly known as The Boston Bank of Commerce, OneUnited Bank focuses on providing personal and business banking products and services to urban communities, particularly those with low-to-moderate incomes. The bank offers a range of financial services, including checking and savings accounts, certificates of deposit, single-family home loans, multifamily mortgages, and commercial real estate loans. Additionally, OneUnited Bank provides online and telephone banking, balance alerts, bill payment services, Visa debit cards, secured credit cards, ATM services, and personal assistance. As a designated Community Development Financial Institution (CDFI), OneUnited Bank is committed to community development and has received the highest Bank Enterprise Award from the U.S. Department of Treasury multiple times, reflecting its mission to invest in people and technology to enhance financial services and build wealth in urban communities across America.

Community Bank of the Bay

Grant in 2023
Community Bank of the Bay is a community banking institution headquartered in Oakland, focused on serving local communities through a variety of financial products and services. The bank offers business, nonprofit, and personal checking and savings accounts, along with certificates of deposit. It provides a range of loan options including business, property, construction, and personal loans. Additionally, the bank features credit cards, lines of credit, online banking, and cash management services. Its primary revenue comes from lending to small and middle-market businesses and individuals within the surrounding areas, emphasizing a commitment to supporting local economic growth.

Thread Capital

Grant in 2023
Thread Capital is a dynamic organization that focuses on offering capital, coaching, and connections to various businesses within the region.

Holy Rosary Credit Union

Grant in 2023
Holy Rosary Credit Union It can accomplish this by providing them with services that value their time, simplify banking, and maintain their financial competitiveness. Use this chance wisely. They concentrate on lending to businesses, but we still offer loans to consumers. The employment of numerous agencies is encouraged by business lending philosophies in order to boost and improve the chances of loan approval.

New York Business Development Corporation

Grant in 2023
New York Business Development Corporation (NYBDC) is a financial services firm located in New York that focuses on providing capital and financial solutions to small and medium-sized businesses. The organization aims to foster economic growth by offering a range of financing options, including loans and advisory services, tailored to meet the specific needs of its clients. By supporting businesses in various sectors, NYBDC plays a vital role in promoting job creation and economic development within the region. Its commitment to empowering entrepreneurs and enhancing business opportunities underscores its significance in the local economic landscape.

Latino Economic Development Center

Grant in 2023
Latino Economic Development Center help Latino entrepreneurs and small businesses in Minnesota launch and grow.

PACE Business Development Center

Grant in 2023
PACE Business Development Center is a non-profit firm that provides tools to individuals for developing sustainable businesses.

Mauna Coop

Grant in 2023
Mauna Coop is a consulting firm that helps individuals and businesses with financial products and services to meet fiscal needs.

Community First Fund

Grant in 2023
Community First Fund is a private, non‑profit Community Development Financial Institution that supplies capital in underserved areas. It provides loans to entrepreneurs, commercial real estate and affordable housing developers, and nonprofits, supporting projects that create jobs, housing, essential community facilities, and community revitalization.

BlueHub Capital

Grant in 2023
BlueHub Capital is a community development financial institution based in Boston that focuses on fostering healthy communities for low-income individuals. The organization is dedicated to investing in projects that enhance affordable housing, create good jobs, and provide new opportunities within underserved neighborhoods, linking these areas to the broader economy. Founded on the belief that financial and social returns can coexist, BlueHub Capital emphasizes that investing in growth-oriented local businesses can generate solid financial returns while simultaneously strengthening community ties and improving overall quality of life.

MEDC

Grant in 2023
MEDC is a financial firm that offers lending, personal finance, business loans, and micro and commercial lending.

CLIMB Fund

Grant in 2023
CLIMB Fund is a nonprofit organization that provides affordable and customized loan services to small and medium businesses.

Justine Petersen

Grant in 2023
Justine Petersen is a company dedicated to empowering individuals by providing access to affordable loans and financial resources. The organization offers secured credit options, business capital, and technical assistance, along with credit-building education. These services aim to address financial disparities and foster economic opportunities, enabling clients to achieve personal goals, cultivate self-employment, and develop microbusinesses. By equipping individuals with the necessary tools and knowledge, Justine Petersen helps them take control of their financial futures and generate sustainable income.

First Bank

Grant in 2023
First Bank is a provider of personal and business financial services.

Northern Initiatives

Grant in 2023
Northern Initiatives offers profit planning, branding, risk management, consulting, cyber security, microloans and time management services.

Appalachian Growth Capital

Grant in 2023
Appalachian Growth Capital partners with local and regional banks as well as secondary lenders to support SME and businesses.

Neighborhood Development Center

Grant in 2023
Neighborhood Development Center believes that regular, methodical review is the key to its success and innovation. They understand that their efforts are meaningful only if they have a tangible and measurable impact on their entrepreneurs and their communities. The session model includes classroom training, one-on-one sessions, and graduation and is offered in the spring and fall. The topics include accounting, finance, the credit review process, marketing, operations, and management.

Palm Beach County Black Business Investment

Grant in 2023
Palm Beach County Black Business Investment provides loan processing, educational programs, bonding, and equity investment services.

National Institute of Minority Economic Development

Grant in 2023
National Institute of Minority Economic Development offers counseling, assistance, and networking that help racial minorities, women, and people with disabilities start, operate, and grow successful businesses. It strengthens the asset base of diverse populations through policy, education, and economic opportunities, creating an environment in which race, gender, and geography are no longer barriers to prosperity.

Main Street Launch

Grant in 2023
Main Street Launch is a company that provides business owners with capital, education, and relationships that allow them to flourish.

ACT!

Grant in 2023
ACT! has a strong history of serving businesses operating in low-income communities and providing services to low-income individuals. Its mission is to provide affordable access to capital and business development services to aspiring entrepreneurs and small business owners. It also provides access to capital to businesses operating in and around the 38-county region with a focus on Black-owned small businesses.

3CORE

Grant in 2023
3CORE provides businesses services to foster economic development and. Grow healthy business communities.

Peoples Bank

Grant in 2023
Peoples Bank is a provider of financial and banking services for personal and businesses.

NPHS

Grant in 2023
NPHS is a nonprofit company that builds community buildings and provides community development and consulting services.

Pike National Bank

Grant in 2023
Pike National Bank is a community bank that provides financial services for individuals and businesses. It offers checking and savings accounts, mortgage loans, personal loans, business loans, credit cards, and electronic banking, serving Lincoln, Pike, and Walthall counties in Southwest Mississippi.

Metropolitan Economic Development Association(MEDA)

Grant in 2023
Meda provides business consulting, access to capital, and market opportunities for minority entrepreneurs. Meda also operates a business development center under cooperative agreement with the Minority Business Development Agency (MBDA) of the U.S. Department of Commerce. The Minneapolis MBDA Business Center connects Minnesota Minority Business Enterprises (MBEs) with business opportunities. In 2016, Meda served 676 customers through our combined service offerings and helped minority businesses secure $165 million in contracts. Since its beginning in 1971, Meda has helped more than 20,000 entrepreneurs of color and assisted in the start-up of more than 550 businesses.

Native American Bank

Grant in 2023
Native American Bank is a financial institution based in Denver, Colorado, dedicated to serving Native American and Alaskan Native individuals, businesses, and governments. The bank provides a range of banking services, including consumer and business depository accounts, commercial and consumer lending, and cash management services. Its mission is to offer affordable banking and financial solutions tailored to the needs of its diverse clientele, aiming to enhance economic opportunities within Native communities. Through its services, Native American Bank seeks to promote financial inclusion and empowerment for its customers.

Pacific Coast Regional Small Business Development

Grant in 2023
Pacific Coast Regional Small Business Development economic development services. They provide small business lending, training and advisory, metro’s business interruption fund, and CA small business loan guarantee program services. They address inquiries through phone calls and emails.

Impact Development Fund

Grant in 2023
Impact Development Fund is a nonprofit company that offers a wide range of lending and financial services to families and developers.

Bank3

Grant in 2023
Bank3, Inc. is a community bank based in Memphis, Tennessee, founded in 1910 as The Farmers Bank and rebranded in 2016. It offers a range of personal and business banking products and services, including mortgage lending. Bank3 is dedicated to providing accessible financial solutions to individuals and businesses, featuring benefits such as no minimum monthly balance requirements and online banking services. The bank operates several banking centers in Memphis, Woodland Mills, and Union City, Tennessee, and aims to support its customers with round-the-clock service. As of 2016, Bank3 functions as a subsidiary of Banc3 Holdings, Inc.

Holmes County Bank

Grant in 2023
Holmes County Bank provides personal banking and business banking services.

Mauna Coop

Grant in 2019
Mauna Coop is a consulting firm that helps individuals and businesses with financial products and services to meet fiscal needs.
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