Project Grant 191BE023494G

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...

Federal Grant Award Summary American Bancorp, Inc. received a $125,000 Project Grant from the Community Development Financial Institutions Fund under the Community Development Financial Institutions Program (CFDA 21.020) effective September 30, 2025, with a completion date of December 31, 2028. This Technical Assistance award is designed to build the organizational capacity of Community Development Financial Institutions (CDFIs) and emerging CDFIs to better serve low-income populations and...

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 Nave Bank received a $150,000 Project Grant from the Department of the Treasury Community Development Financial Institutions Fund under the Community Development Financial Institutions Program (CFDA 21.020), awarded on September 30, 2025, with a completion date of December 31, 2028. This Technical Assistance award is designated to build organizational capacity within the certified or emerging Community Development Financial Institution (CDFI) to enhance its ability to...

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...

Bay Bank, a Community Development Financial Institution (CDFI) located in Green Bay, Wisconsin, received a $322,218 Project Grant from the U.S. Department of the Treasury's State Small Business Credit Initiative (SSBCI) Technical Assistance Grant Program (CFDA 21.031) on April 2, 2025. Under this award, Bay Bank will provide comprehensive technical assistance services to very small businesses and business enterprises owned and controlled by socially and economically disadvantaged individuals...

Federal Grant Award Summary Flagship Enterprise Center, Inc. (doing business as Bankable) received a $804,562 Project Grant from the Small Business Administration's (SBA) Office of Capital Access under the Microloan Program (CFDA 59.046) for the period of July 1, 2025, through June 30, 2026. As a designated intermediary lender, Flagship will deliver comprehensive financial and technical assistance services to underserved entrepreneurial populations, including women, minority, and low-income...

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...

The Bank of Commerce was awarded a $1,826,265 CDFI Rapid Response Program grant by the Department of the Treasury's Community Development Financial Institutions Fund. The grant will support the Bank of Commerce's ability to respond to the economic impacts of the coronavirus pandemic through the Community Development Financial Institutions Rapid Response Program (CDFI RRP). The CDFI RRP aims to support, prepare for, and respond to the economic effects of COVID-19 through Community Development...