Fiscal Year 2024 Small Dollar Loan Program
The summary for the Fiscal Year 2024 Small Dollar Loan Program grant is detailed below.
This summary states who is eligible for the grant, how much grant money will be awarded, current and past deadlines, Catalog of Federal Domestic Assistance (CFDA) numbers, and a sampling of similar government grants.
Verify the accuracy of the data FederalGrants.com provides by visiting the webpage noted in the Link to Full Announcement section or by contacting the appropriate person listed as the Grant Announcement Contact.
If any section is incomplete, please visit the website for the Community Development Financial Institutions, which is the U.S. government agency offering this grant.
Fiscal Year 2024 Small Dollar Loan Program: 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 establish and expand 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.
Federal Grant Title: | Fiscal Year 2024 Small Dollar Loan Program |
Federal Agency Name: | Community Development Financial Institutions (USDOT-CDFI) |
Grant Categories: | Community Development |
Type of Opportunity: | Discretionary |
Funding Opportunity Number: | CDFI-2024-SDL |
Type of Funding: | Grant |
CFDA Numbers: | 21.025 |
CFDA Descriptions: | Information not provided |
Current Application Deadline: | November 20th, 2023 |
Original Application Deadline: | November 20th, 2023 |
Posted Date: | October 20th, 2023 |
Creation Date: | October 20th, 2023 |
Archive Date: | December 20th, 2023 |
Total Program Funding: | $18,000,000 |
Maximum Federal Grant Award: | $500,000 |
Minimum Federal Grant Award: | $20,000 |
Expected Number of Awards: | 70 |
Cost Sharing or Matching: | No |
Last Updated: | October 13th, 2023 |
- Applicants Eligible for this Grant
- Others (see text field entitled "Additional Information on Eligibility" for clarification.)
- Additional Information on Eligibility
- Applicants must be Certified Community Development Financial Institutions (CDFIs).
- Link to Full Grant Announcement
- A webpage on the CDFI Fund's website with all the relevant details regarding the Small Dollar Loan Program.
- Grant Announcement Contact
- CDFI Fund Help Desk
(202) 653-0421
SDL Program questions/inquiries - Similar Government Grants
- • Fiscal Year 2022 Small Dollar Loan Program
- • Fiscal Year 2021 Small Dollar Loan Program
- More Grants from the Community Development Financial Institutions
- • Fiscal Year 2025 CDFI Program
- • Fiscal Year 2025 NACA Program
- • FY 2024 Bank Enterprise Award Program Application
- • Fiscal Year 2024 Capital Magnet Fund Program
- • Fiscal Year 2024 NACA Program