Emergency Capital Investment Program
Department Of The Treasury, Departmental Offices
Under the ECIP, Treasury invested $8,570,109,000 in capital directly in 175 credit unions, insured depository institutions, and bank or savings and loan holding companies that are certified Community Development Financial Institutions (CDFIs) or minority depository institutions (MDIs) to, among other things, provide loans, grants, and forbearance for small businesses, and consumers, especially in low-income and underserved communities such as rural and persistent poverty counties that may have b
Jargon-free version
Helps small businesses in low-income areas get loans and grants from community banks and credit unions. Aimed at those hit hard by the COVID-19 pandemic.
Quick Facts
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What Is This Program?
What Benefits Are Offered?
Capital investments provided to eligible depository institutions. Participants can qualify to lower the rate they pay on Treasury’s investments by increasing their lending and other investments in low- and moderate-income, rural, and minority communities.
Who Is Eligible?
Business Size: small, medium
Industries: financial services
Region: US
Demographics: minority-owned, community-focused
Other Criteria: certified Community Development Financial Institutions (CDFIs), minority depository institutions (MDIs), depository institutions, community financial institutions
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FAQFrequently Asked Questions
This program is available to small, medium businesses in financial services industries located in US.
Contact the program administrator for funding details.
This program accepts applications on a rolling basis.
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