The Department of the Treasury's Community Development Financial Institutions Fund awarded $156,174 under the Small Dollar Loan Program (CFDA 21.025) to Checkspring Community Corporation. The award will enable the certified Community Development Financial Institution to establish a loan loss reserve and receive technical assistance to develop and maintain a small dollar loan program. Through this initiative, Checkspring Community Corporation aims to increase access to affordable capital and...
This $250,628 federal Project Grant award from the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund under the Small Dollar Loan Program (CFDA 21.025) enables Checkspring Community Corporation, a certified CDFI, to establish and maintain small business loan programs. The grant funds will support loan loss reserves and technical assistance, allowing Checkspring to provide affordable small dollar loans as alternatives to high-cost options, and help unbanked...
The Community Development Financial Institutions Fund within the Department of the Treasury awarded a $120,000 Project Grant to Community Ventures Corporation, Inc. through the Small Dollar Loan Program (CFDA 21.025). The grant will enable the certified Community Development Financial Institution recipient to establish a loan loss reserve and receive technical assistance to develop and maintain a small dollar loan program. This program aims to increase access to affordable small dollar loans for...
This $281,400 Project Grant from the Department of the Treasury's Community Development Financial Institutions Fund will support Community Lendingworks' Small Dollar Loan Program activities through September 2023. The funding will enable the certified Community Development Financial Institution to establish a loan loss reserve and provide technical assistance to increase small dollar lending to underbanked populations. Through this Small Dollar Loan Program (CFDA #21.025), the awardee aims to...
The Department of the Treasury's Community Development Financial Institutions Fund awarded Community First Fund $235,800 under the Small Dollar Loan Program (CFDA 21.025) on September 23, 2021. Through June 30, 2025, the awardee will use the funding to establish loan loss reserves and provide technical assistance to enable small dollar lending by certified Community Development Financial Institutions. The expected outcomes are increased access to affordable capital and credit-building...
The Department of the Treasury's Community Development Financial Institutions Fund awarded First Community Capital Inc. a $108,795 Project Grant under the Small Dollar Loan Program (CFDA 21.025). The grant will enable the certified Community Development Financial Institution to establish a loan loss reserve and provide technical assistance to support a small dollar loan program. This program aims to increase access to affordable capital and credit-building opportunities for underbanked...
This $122,256 Project Grant from the Department of the Treasury's Community Development Financial Institutions Fund will support the establishment and maintenance of a small dollar loan program through the Small Dollar Loan Program (CFDA #21.025). The grant provides funding to United Bank, a certified Community Development Financial Institution, for loan loss reserves and technical assistance activities that will enable the provision of alternative, affordable small dollar loans to underbanked...
This $287,417 Project Grant awarded on April 16, 2024 by the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund supports the Small Dollar Loan Program (CFDA 21.025). The grant enables a Certified CDFI or partnership between a Certified CDFI and Federally Insured Depository Institution to establish and maintain small business loan programs. The program's objective is to provide affordable alternatives to high-cost small dollar loans and help unbanked and...
The Department of the Treasury's Community Development Financial Institutions Fund awarded $142,500 under the Small Dollar Loan Program (CFDA 21.025) to the Nimiipuu Community Development Fund on September 23, 2021. The award will enable the recipient to establish a loan loss reserve and provide technical assistance to support small dollar lending through September 30, 2024. Specifically, the funding will be used to defray costs of maintaining a small dollar loan program and support related...
This Project Grant award from the Department of the Treasury's Community Development Financial Institutions Fund provides $676,530 to Checkspring Community Corporation through December 2024 to promote economic revitalization and community development. As part of the Community Development Financial Institutions Program (CFDA 21.020), the funding will support financial products, services, development services, loan loss reserves, and capital reserves to build Checkspring's capacity to lend to...