The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) is offering the Small Dollar Loan Program (SDL Program) grant. This initiative awards essential funding to Certified CDFIs. The core purpose of this grant is to incentivize and support Certified CDFIs in establishing and maintaining robust small dollar loan programs, offering vital alternatives to predatory high-cost small dollar loans prevalent in many communities. Recipients of these award funds will strategically utilize them to uplift unbanked and underbanked populations. This support directly enables these vulnerable groups to build essential credit histories, access much-needed affordable capital, and ultimately achieve greater, more equitable access into the mainstream financial system, thereby promoting financial empowerment.
Opportunity ID: 339857
General Information
| Document Type: | Grants Notice |
| Funding Opportunity Number: | CDFI-2022-SDL |
| Funding Opportunity Title: | Fiscal Year 2022 Small Dollar Loan Program |
| Opportunity Category: | Discretionary |
| Opportunity Category Explanation: | – |
| Funding Instrument Type: | Grant |
| Category of Funding Activity: | Community Development |
| Category Explanation: | – |
| Expected Number of Awards: | 50 |
| Assistance Listings: | 21.025 — Small Dollar Loan Program |
| Cost Sharing or Matching Requirement: | No |
| Version: | Synopsis 3 |
| Posted Date: | Apr 27, 2022 |
| Last Updated Date: | May 11, 2022 |
| Original Closing Date for Applications: | Jun 15, 2022 |
| Current Closing Date for Applications: | Jun 15, 2022 |
| Archive Date: | Aug 11, 2022 |
| Estimated Total Program Funding: | $11,300,000 |
| Award Ceiling: | $500,000 |
| Award Floor: | $10,000 |
Eligibility
| Eligible Applicants: | Others (see text field entitled “Additional Information on Eligibility” for clarification) |
| Additional Information on Eligibility: | Applicants must be Certified Community Development Financial Institutions (CDFIs). |
Additional Information
| Agency Name: | Community Development Financial Institutions |
| Description: |
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 encourage Certified CDFIs to establish and maintain 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. |
| Link to Additional Information: | A webpage on the CDFI Fund’s website with all the relevant details regarding the Small Dollar Loan Program. |
| Grantor Contact Information: | If you have difficulty accessing the full announcement electronically, please contact:
CDFI Fund Help Desk
(202) 653-0421 Email:cdfihelp@cdfi.treas.gov |
Version History
| Version | Modification Description | Updated Date |
|---|---|---|
| Modified opening dates | May 11, 2022 |
DISPLAYING: Synopsis 3
General Information
| Document Type: | Grants Notice |
| Funding Opportunity Number: | CDFI-2022-SDL |
| Funding Opportunity Title: | Fiscal Year 2022 Small Dollar Loan Program |
| Opportunity Category: | Discretionary |
| Opportunity Category Explanation: | – |
| Funding Instrument Type: | Grant |
| Category of Funding Activity: | Community Development |
| Category Explanation: | – |
| Expected Number of Awards: | 50 |
| Assistance Listings: | 21.025 — Small Dollar Loan Program |
| Cost Sharing or Matching Requirement: | No |
| Version: | Synopsis 3 |
| Posted Date: | Apr 27, 2022 |
| Last Updated Date: | May 11, 2022 |
| Original Closing Date for Applications: | Jun 15, 2022 |
| Current Closing Date for Applications: | Jun 15, 2022 |
| Archive Date: | Aug 11, 2022 |
| Estimated Total Program Funding: | $11,300,000 |
| Award Ceiling: | $500,000 |
| Award Floor: | $10,000 |
Eligibility
| Eligible Applicants: | Others (see text field entitled “Additional Information on Eligibility” for clarification) |
| Additional Information on Eligibility: | Applicants must be Certified Community Development Financial Institutions (CDFIs). |
Additional Information
| Agency Name: | Community Development Financial Institutions |
| Description: |
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 encourage Certified CDFIs to establish and maintain 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. |
| Link to Additional Information: | A webpage on the CDFI Fund’s website with all the relevant details regarding the Small Dollar Loan Program. |
| Grantor Contact Information: | If you have difficulty accessing the full announcement electronically, please contact:
CDFI Fund Help Desk
(202) 653-0421 Email:cdfihelp@cdfi.treas.gov |
Related Documents
There are no related documents on this grant.
Packages
| Agency Contact Information: | CDFI Fund Help Desk (202) 653-0421 Email: cdfihelp@cdfi.treas.gov |
| Who Can Apply: | Organization Applicants |
| Assistance Listing Number | Competition ID | Competition Title | Opportunity Package ID | Opening Date | Closing Date | Actions |
|---|---|---|---|---|---|---|
| 21.025 | PKG00273730 | May 16, 2022 | Jun 15, 2022 | View |
Package 1
Mandatory forms
339857 SF424_Mandatory_3_0-3.0.pdf
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