CDFIs finance community businesses, including small businesses, microenterprises, nonprofit organizations, commercial real estate, and affordable housing.
To find an OFN Member CDFI in your state, use the search criteria below. You can also visit our Member Profile Directory to learn about their important work.
Detroit Development Fund is a non-profit, CDFI providing business loans and lines of credit to small business owners, rehabbers, and developers with companies and projects in the City of Detroit. Our mission is to improve the quality of life in underserved Detroit neighborhoods and for Detroit residents. Since 2001, Detroit Development Fund has committed over $21.5 million to businesses and real estate projects in the City of Detroit that resulted in retaining and creating over 1500 jobs and returning over 750 housing units back to the market at rates affordable to low-moderate income residents. Loan sizes typically range from $50,000 to $200,000 for most products.
Established in 2004 and certified as a CDFI in January 2005, ECDI is the only microlender for the city of Columbus and Franklin County government; and the sole CDFI microlender and SBA microloan intermediary in central Ohio. To meet its mission, ECDI offers microenterprise training, microloans, and other asset-building programs, all of which provide clients with financial assistance as well as the knowledge to maintain self-sufficiency well after the loan term. ECDI continues to grow dramatically and set an aggressive strategic agenda to expand services, introduce new financial products and services, and reach out to additional vulnerable populations.
The mission of WORC is to promote social and economic self-sufficiency primarily for economically disadvantaged women and their families. WORC provides training, individual business assistance, incentive savings program, job placement, and access to business and financial resources. WORC empowers its constituents through various self-help strategies including savings, a self-employment network, and access to its local and national affiliations. Additionally, WORC encourages community awareness and responsiveness concerning issues impacting economic equity and independence.
The Enterprise Fund of Erie County, Inc. became a certified CDFI in 2011 and was established in 1986 as a 501c3 non-profit with a mission to "create jobs for low/moderate income individuals." The FUND is a revolving loan fund that provides loans to profit, non-profit, and start-up businesses. Loan sizes range from $25,000 to $450,000, and include a microloan program ranging from $10,000 to $25,000.
The Entrepreneur Fund is a Community Development Financial Institution (CDFI) that provides loans and guidance to start-up and existing small businesses in northeastern Minnesota and northwestern Wisconsin. Believing that small and micro-businesses are crucial elements of community-based economic growth, the Entrepreneur Fund works to foster entrepreneurial spirit and self-employment opportunities. NEEF helps people with planning, expansion, strategy and goal development. Since 1989, the Entrepreneur Fund has helped create and retain over 1,800 jobs.
Entrepreneur Works creates pathways of opportunity for talented yet underserved entrepreneurs. Across the Philadelphia region our clients start and grow small businesses, create jobs for themselves and their neighbors, and strengthen the local economy. As a non-profit organization offering access to small business loans, training, and one-on-one counseling, EWF empowers small business owners from all walks of life to prosper and build sustainable communities.
At Excelsior Growth Fund (EGF), our mission is to help New York businesses grow by providing small business loans and advisory services. As a nonprofit organization and a U.S. Treasury-certified Community Development Financial Institution (CDFI), we’re a responsible lender you can trust.
We understand that many small businesses can have difficulty getting traditional bank financing and EGF can help. Our products are affordable and flexible, and our advisory services can help you reach your business goals. Our signature product, the EGF SmartLoan™, provides up to $100,000 through a streamlined online platform. Loans are approved in 1-2 days and funded in a week.
Fahe is an association of 37 nonprofit housing organizations producing affordable housing for low-income families in Central Appalachia. Fahe has pioneered many innovative approaches to rural housing, developed a regional Housing Development Fund currently capitalized at nearly $30 million and designed a model homeownership program. Fahe currently has net assets exceeding $14.2 million (47.5% of total assets). Over 89% of assets are mortgage loans to low- income families or notes issued for development activities.
Finance Fund Capital Corporation was established as a lending affiliate of Finance Fund in 2002 and was certified as a CDFI in 2009. The mission is to provide access to capital to promote development in low-income communities. Its goals are to strengthen resources and increase access to capital to promote community development. In order to maximize impact, a flexible loan portfolio is maintained that focuses on Housing, Small Business & Community Facility Loans. Lending in these areas helps to empower community businesses, increase stability and capacity, provide credit into tight credit markets, and encourages greater community impacts.
