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Community Development Financial Institution (CDFI) loans

Community Development Financial Institution (CDFI) loans provide low-income communities with the financing they need to achieve their goals.

CDFIs are certified by the U.S. Department of Treasury’s CDFI Fund, which provides financing to institutions throughout the country.

Whether you want to renovate a property, start a business, or secure financing for your business—a CFDI loan can help you move forward.

How to get a CDFI loan

CDFI loans are only available through a certified CDFI.

Bella Mortgage is a certified CDFI providing loans to those who need it most in our community.

CDFI loan requirements

CDFI loan requirements depend on the project type, but generally include the following:

  • Project/business plan
  • Financial statements
  • Credit history
  • Proof of community impact
  • Legal documentation
  • References

The ultimate goal is to present a comprehensive and compelling case for how your project aligns with the CDFI mission and positively impacts the community.

CDFI loan FAQs

What is a CDFI loan?

A CDFI loan is a financial product offered by Community Development Financial Institutions to support economic and community development in underserved areas. 

These loans often come with favorable terms to benefit local businesses and residents.

Who qualifies for a CDFI loan?

Eligibility criteria may vary, but generally, CDFI loans are targeted at businesses and projects in low-income or underserved communities. 

Qualifications may include the nature of the project, the borrower’s financial stability, and the potential positive impact on the community.

What types of projects or businesses can be funded with a CDFI loan?

CDFI loans can fund a variety of projects, including affordable housing, small businesses, community facilities, and initiatives that contribute to job creation and economic development in underserved areas.

How long does it take to get approval for a CDFI loan?

The approval timeline depends on factors such as the complexity of the project, the completeness of the application, and the specific processes of the CDFI. 

Some loans may be approved more quickly than traditional loans due to the focus on community impact.