Lending For Small Businesses

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.

APPLY DONATE

Types of Lending

The NCRC Community Development Fund helps lower-middle income (LMI) small business owners and “gig economy” workers keep their business and dreams alive by facilitating

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.

We provide capital to developers that invest in building affordable housing products intended for Black, Hispanic, or LMI census tract communities.

The NCRC 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-$500,000

Through work with our developer partners, we have developed strong relationships with small construction businesses, 87% of which are Black-owned, who work with our developer partners in local markets through joint venture agreements.
- We provide capital to developers that invest in building affordable housing products intended for 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 our developer partners in local markets through joint venture agreements.

Why We Lend & To Whom We Lend

The NCRC 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, 87% of businesses are Black or Latino-owned and 48% are woman-owned.

More than 98% of small businesses served have annual revenue of $1 million or less.

We Build Lives And Dreams

If you’re a current business owner or have an idea, if you’re a bank that wants to reach underserved communities, or if you’re a developer eager to gain affordable capital for your single-family housing projects, we want to hear from you!