Project Grant 161BE021045G

Federal Grant Award Summary American Bancorp, Inc. received a $125,000 Project Grant from the Community Development Financial Institutions Fund (Treasury Department) under the Community Development Financial Institutions Program (CFDA 21.020), awarded on September 30, 2025. This Technical Assistance award supports organizational capacity-building activities designed to enable American Bancorp to better serve eligible markets and low-income communities. The funding supports eligible activities...

This $295,000 Project Grant from the Department of the Treasury's Community Development Financial Institutions Fund will support the Bank of Commerce's participation in the Small Dollar Loan Program. Through this award ending December 2024, the Bank of Commerce will establish a loan loss reserve and receive technical assistance to provide alternative small dollar loans to underbanked populations. The Small Dollar Loan Program aims to increase access to affordable capital and credit building...

The University of Memphis was awarded a $2.8 million project grant from the Department of Commerce Economic Development Administration under the BUILD TO SCALE federal grant program (CFDA #11.024) to fund the Black Wealth Advancement through New Business and Knowledge Development (BANK) initiative. BANK will provide infrastructure and staffing to raise $5.3 million in equity capital over three years to transform 20 microbusinesses annually into scalable small businesses in the technology sector....

Federal Grant Award Summary Greater State Bancshares Corp received a $150,000 Technical Assistance award from the Community Development Financial Institutions (CDFI) Fund, administered by the Department of the Treasury, under the Community Development Financial Institutions Program (CFDA 21.020). The award was obligated on September 30, 2025, with a completion deadline of December 31, 2028. This three-year technical assistance grant supports organizational capacity-building activities designed...

The Bank of Winona received a $1.8 million Project Grant award from the Department of the Treasury's Community Development Financial Institutions Rapid Response Program on June 15, 2021. The grant funding will support the bank's efforts to prepare for and respond to the economic impacts of the coronavirus through the program completion date of December 31, 2023. As the designated Community Development Financial Institution (CDFI) serving the Winona area, the Bank of Winona will use the grant...

Commercial Bank & Trust Company was awarded a $1.8 million Project Grant from the Department of the Treasury's Community Development Financial Institutions Rapid Response Program (CDFI RRP, CFDA 21.024) on June 15, 2021. The grant will support the bank's ability to provide financial products and services through December 31, 2023 to address the economic impacts of the coronavirus pandemic in its communities. As a Community Development Financial Institution, Commercial Bank & Trust...

Federal Project Grant Award Summary The Community Development Financial Institutions Fund, administered by the U.S. Department of the Treasury, awarded Nave Bank $150,000 under the Community Development Financial Institutions (CDFI) Program (CFDA 21.020) on September 30, 2025. This Technical Assistance award supports organizational capacity-building activities designed to enhance Nave Bank's ability to serve low-income populations and underserved communities lacking adequate access to affordable...

Federal Grant Award Summary Access to Capital for Entrepreneurs, Inc. received a $779,165 Project Grant award from the Small Business Administration (SBA) Office of Capital Access under the Microloan Program (CFDA 59.046), effective July 1, 2025, through June 30, 2026. As an intermediary lender and Community Development Financial Institution (CDFI), the organization will utilize these funds to provide microloans up to $50,000 to startup, newly established, and growing small businesses, with loan...

Commercial Bank & Trust Company was awarded a $1.8 million project grant from the Department of the Treasury's Community Development Financial Institutions Rapid Response Program (CDFI RRP, CFDA 21.024) on June 15, 2021. The grant will support Commercial Bank's ability to respond to the economic impacts of the coronavirus through December 31, 2023. As a Community Development Financial Institution, Commercial Bank will use the funding to provide financial and technical assistance to...

Federal Grant Award Summary Bay Atlantic FCU received a $150,000 Technical Assistance Project Grant from the Community Development Financial Institutions Fund (CDFI Fund) under the Community Development Financial Institutions Program (CFDA 21.020), awarded on September 30, 2025, with a completion date of December 31, 2028. The award supports organizational capacity-building activities for CDFIs and emerging CDFIs to enhance their ability to serve low-income communities and underserved...