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Fiscal Year 2024 Small Dollar Loan Program
- Currently Closed
Open Date:
10/20/2023
Close Date:
11/20/2023
Upcoming Milestones:
Eligible Recipients:
- Lending Institution
Program Purpose:
- Economic Development
Reserved for Energy
Communities?
No
Bureau/Office
Funded by:
U.S. Department of Treasury
Overview
Through the Small Dollar Loan Program (SDL Program), the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) awards grants to Certified CDFIs to establish and expand small dollar loan programs and provide alternatives to high-cost small dollar loans. Certified CDFIs will use award funds to help unbanked and underbanked populations build credit, access affordable capital, and allow greater access into the mainstream financial system.
Please Note: Applicants must be Certified Community Development Financial Institutions (CDFIs).
Related Resources
Additional information is available on the Resources page.Funding Details
Funding Source:
- Annual Appropriation
Funding Type:
Grant - no match
Total Amount Available:
$18,000,000
Limit per Applicant:
Estimated Awards:
70
Applicant Guidance
Please see the program webpage.
Contact Information
(202) 653-0421