Project Grant 191BE023564G

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...

American Bancorp, Inc. received a $125,000 Technical Assistance Project Grant 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, obligated on September 30, 2025, with a completion deadline of December 31, 2028, funds capacity-building services designed to strengthen the organization's ability to serve low-income communities and underserved...

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 Project Grant 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, obligated on September 30, 2025, with a completion date of December 31, 2028, funds technical assistance activities designed to build organizational capacity within Community Development Financial...

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...

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 Enterprize Events, Inc. received a $193,326 Rural Business Development Grant (RBDG) award from the U.S. Department of Agriculture's Rural Business Cooperative Services on September 26, 2025, with a project completion date of September 26, 2027. This Project Grant (CFDA 10.351) supports business development services and technical assistance activities designed to promote sustainable economic development in Puerto Rico. As an intermediary organization, Enterprize...

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...

The Department of the Treasury Community Development Financial Institutions Fund awarded Southeast First National Bank a $125,000 Project Grant under the Community Development Financial Institutions Program (CFDA 21.020). The grant will support the bank in building its organizational capacity to serve eligible low-income communities and individuals across the United States who lack adequate access to affordable financial products and services through September 2024. Key activities to be...