Community Development Financial Institution Short Term Loan Fund

Community Development Financial Institution (CDFI) Short Term Loans are designed to provide access to capital for contractors to fund costs of mobilization, including working capital, materials, supplies, and receivables financing.

Terms and Conditions

  • Locations: All states in the United States
  • Amount: $50,001 – $350,000
  • Loan Structure: Term Loan/Non-Revolving Line of Credit
  • Terms: 3-18 months
  • Interest Rate: 7-10%
  • Application Fee: $250
  • Closing Fee: 3.5% for New York applications; 3% for Louisiana and Alabama 


  • Credit: Must have a 600 FICO credit score 
  • Minimum Debt-Service Coverage Ratio: 1.10x
  • Collateral Requirement: Business must have minimum revenue of $150,000 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. Personal guarantees of all principals owning 20% or more of the borrowing entity.

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