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 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
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