Community Development Financial Institution Long Term Loan Fund

Community Development Financial Institution (CDFI) Short Term Loans are designed to provide access to capital for contractors for long-term capital needs including equipment, vehicles, facilities/leasehold improvements, back-office staff hiring, and debt consolidation.

Terms and Conditions

  • Locations: All states in the United States
  • Amount: $25,000 – $250,000
  • Loan Structure: Term Loans
  • Terms: 24-60 months
  • Interest Rate: 7-9%
  • Application Fee: $250
  • Closing Fee: 3.5% for New York applications; 3% for Louisiana and Alabama 


  • Credit: Must have at least a 600 credit score 
  • Minimum Debt-Service Coverage Ratio: 1.10x
  • Collateral Requirement: Business must have minimum revenue of $200,000 in prior year
  • Repayment Terms: Monthly P&I payments (may have interest-only period)
  • Business Requirements: Business must have been in operation for at least one year
  • Operating businesses must also meet one of the following criteria:
    • Located in an low-to-moderate income or underserved community and/or
      • Majority owned by women
      • Majority owned by minority or other disadvantaged group
  • Employs workers from low-to-moderate income communities

Business must also have 100 or fewer employees. Contracts to be assigned to TruFund (may be waived on an exception basis). UCC-1 filing on business assets, real estate, equipment, vehicles. Personal guarantees of all principals owning 20% or more of the borrowing entity.

For assistance and more information contact one of our CDFI Long Term Loan Fund experts in your area.