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Fiscal Year 2024 Small Dollar Loan Program

Open Date:

10/20/2023

Close Date:

12/20/2023

Upcoming Milestones:

Eligible Recipients:

  • Lending Institutions

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:
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

CDFI Fund Help Desk

(202) 653-0421

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