Thank you for visiting our page for DCSmallBizLoans.com, where the District’s small business community comes to access the capital needed to launch and grow successful businesses.
Currently, the single registration and loan application process has been placed on hiatus. In the meantime, click below on the five participating lenders to start your search for small business capital today!
Additionally, if you are in need of small business technical assistance, including marketing, financial projections, business planning, and more, please visit DCSmallBizHelp.cnhed.org.
City First Enterprises (CFE): Since 1993, City First Enterprises has worked to promote social justice by increasing economic access and expanding opportunity for low-wealth communities. Located in Washington, DC, City First Enterprises is a nonprofit bank holding company and an incubator of social finance solutions that promotes social justice by increasing economic access and expanding opportunity for low-wealth communities. CFE has launched City First Bank, City First Homes and City First New Markets Tax Credit Venture Fund. In total, the City First family has financed over 5,000 units of affordable housing, 7,000 school seats, and 3,400 jobs. City First Enterprises is a proud to be supported by a White House Social Innovation Fund. Visit http://cfenterprises.org and follow on Twitter @CityFirstEnterp.
Latino Economic Development Center (LEDC) equips Latinos and other underserved communities in the D.C. and Baltimore Metropolitan Areas with the skills and tools to achieve financial independence and become leaders in their communities. LEDC’s Micro-Lending Program equips entrepreneurs in the DC-region with the capital to improve their lives and strengthen the small business community. LEDC’s Micro-Lending Program provides business loans between $5,000 and $50,000 to qualified start-ups and existing businesses that have difficulty obtaining credit from mainstream financial institutions. These loans have supported a broad range of small business owners, including restaurants and boutique shops to cleaning and catering companies. Since 1997, the Lending program has provided more than $6 million of capital to support entrepreneurs in the DC-region. Visit http://www.ledcmetro.org, follow us on Twitter @ledcmetro.
ECDC Enterprise Development Group (EDG) started as a microfinance project of its parent company, ECDC, and later became a full-fledged microfinance non-profit in 2001. EDG is a nonprofit community development financial institution, and a designated Small Business Administration Microloan Program Intermediary. Its mission is to provide opportunities for self-sufficiency to immigrants, refugees, and asylees in the Washington, DC and Baltimore metropolitan areas through various economic development programs such as microloans to small businesses, savings programs, office rental assistance, used car loans, credit improvement and business technical assistance. In a period of two-years, EDG lent over $2 million of capital to small businesses small business loans, $50,000 and under. Visit http://entdevgroup.org.
National Community Reinvestment Coalition Community Development Fund
(NCRC CDF) is an emerging community development loan fund established as an independent affiliate of the National Community Reinvestment Coalition (NCRC). NCRC CDF is a ‘triple bottom line’ CDFI that measures the success of its investments by financial return, positive social impact, and environmental benefits to the communities served. NCRC CDF helps small businesses and emerging entrepreneurs grow and thrive by lending to historically underrepresented business owners and by pairing our loans with expert consulting services and technical assistance. Visit http://www.ncrc.org and follow us on Twitter @NCRC.
Washington Area Community Investment Fund (WACIF) is a nonprofit community development loan fund whose mission is to empower underserved communities and individuals in the Washington, DC metropolitan area by providing access to capital and technical assistance to small businesses, childcare centers, affordable housing developers, and community organizations. Since inception, WACIF has closed over 315 loans totaling $24.6 million, helping leverage over $150 million in financing for local low- and moderate-income entrepreneurs and nonprofit organizations. WACIF has assisted over 1,750 small businesses through one-on-one assistance, provided $55 million in access to capital in lending, and created more than 1,400 full- and part-time jobs. Visit http://wacif.org, follow us on Twitter @WACIF.