Lending

Lending for Small Businesses and Consumers
To respond to the COVID-19 crisis and its disproportionate effect on communities of color, NCRC CDF is committed to providing increased funding to struggling small and minority-owned businesses and creating more opportunities for affordable homeownership for Black, Latino, and LMI communities.
Types of Lending

Small Business Loans

  • We provide loans that customers may use for financing that includes: working capital, inventory, real estate, leasehold improvements, machinery and equipment, furniture and fixtures, vehicles, or purchase of a business or business franchise.
  • The Community Development Fund’s small business loans are not exclusive to any specific types of industries or businesses; however, our lending focuses on three areas:
    • Micro-loans of $50,000 or less
    • Small-business loans of $50,000-$275,000
    • Loans for small businesses with a “green” or positive environmental impact

Real Estate Lending

  • With our partners at GROWTH, we provide capital to developers that invest in building affordable housing products intended for LMI, Black, Hispanic, or LMI census tract communities.
  • Through work with our developer partners, we have developed strong relationships with small construction businesses, 85% of which are Black owned, who work with us in local markets through joint venture agreements.
Why We Lend & Whom We Lend To
The Community Development Fund’s mission is to work with community partners – and target our capital – to build wealth, and reduce poverty and unemployment, in LMI, Black, and Hispanic communities nationwide.

  • More than 80% of NCRC CDF’s lending capital for real estate development is directed to borrowers or end-beneficiaries who either live in an LMI census tract or who earn below 80% of the area median income.
  • Of our small-business lending portfolio, 85% of businesses are minority owned and 72% are woman owned.
  • More than 50% of small businesses served have annual revenue of $1 million or less.
  • In 2021, during just the final two months of PPP lending, we channeled more than $1 million to businesses in need all over the country.
Success Stories

Want to get involved?

Get in touch with us to receive more information or discuss current borrowing opportunities and applications, contributing to our CDFI, or becoming a partner.
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