Small Dollar Loan Program

Department Of The Treasury, Community Development Financial Institutions

Through the Small Dollar Loan Program, the CDFI Fund provides (1) grants to enable a certified Community Development Financial Institution (CDFI) or any partnership between a certified CDFI and federally insured depository institution, with a primary mission to serve targeted Investment Areas, to establish a loan-loss reserve fund to cover the losses on small dollar loans from a new small dollar program or an existing small dollar loan program; and (2) grants for Technical Assistance to a certi

Jargon-free version

Helps community development financial institutions (CDFIs) provide affordable loans to small businesses. Offers grants for loan loss reserves and support to build credit access.

Quick Facts

Funding
$3 - $2,500
Deadline
Rolling
Status
Rolling Intake
Category
Regional & Community Development
Organization
Department Of The Treasury, Community Development Financial Institutions

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What Is This Program?

The Small Dollar Loan Program provides grants for loan loss reserves and technical assistance to enable CDFIs to establish and maintain small business loan programs. SDL Program grants cannot be used to provide direct loans to consumers. This program is intended to provide an alternative to high-cost small dollar loans, as well as help unbanked and underbanked populations build credit, access affordable capital, and allow greater access into the mainstream financial system.

What Benefits Are Offered?

loantax creditfundingtraining

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๐Ÿ† Detailed Application Guide

๐Ÿ“‹What Are the Application Steps & Timeline?

๐Ÿ“Steps to Apply
  • Obtain an Employer Identification Number (EIN) and Unique Entity Identifier (UEI) number
  • Register and/or update accounts in SAM.gov, Grants.gov, and AMIS
  • Submit the Standard Form-424 (SF-424) through Grants.gov
  • Submit the SDL Program Application through AMIS
  • Submit the Title VI Compliance Worksheet in AMIS
๐ŸŒApplication Portal
https://www.cdfifund.gov/programs-training/programs/sdlp/apply-step
๐Ÿ“คSubmission Method
online
๐Ÿ“…Key Dates
October 20, 2023FY 2024 Round Opening
November 20, 2023Deadline for Creating an AMIS Account
November 20, 2023Deadline to enter EIN and UEI numbers in AMIS
November 20, 2023Deadline for Submitting SF-424 through Grants.gov
December 20, 2023Last Day to Submit Title VI Compliance Worksheet
December 20, 2023Deadline for Submitting SDL Program Application through AMIS
Spring 2024FY 2024 SDL Program Awards Announced
๐Ÿ”„Intake Type
fixed-deadline

๐Ÿ“„What Documents Are Required?

โœ…Required Documents
  • SF-424 (Application for Federal Assistance)
  • SF-424A (Budget Information - Non-Construction)
  • SF-424B (Assurances)
  • Project Narrative
  • Budget Narrative
๐Ÿ“Format Requirements
PDF only, max 10MB

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๐Ÿ’ฐWhat Expenses Are Eligible?

๐ŸงพEligible Expenses
  • costs associated with investments in eligible Low-Income Communities (LICs)
๐ŸšซIneligible Expenses
  • costs associated with ineligible census tracts
๐Ÿ’ณPayment Model
mixed
โชRetroactive Expenses Eligible
Yes

๐ŸคIs Matching Funding Required?

๐Ÿ”€Matching Required
Yes
๐Ÿ“ŠMatching Ratio
25% minimum
๐ŸฆEligible Matching Sources
  • cash
  • in-kind
๐Ÿ“šStacking Rules
Can combine with other government funding
๐Ÿ›ก๏ธProof of Matching Required
Documentation of cash or in-kind contributions

๐Ÿ“ŠWhat Are the Reporting Requirements?

๐Ÿ—“๏ธReporting Frequency
annual
๐Ÿ“‘Reporting Requirements
  • performance progress report
๐Ÿ”Audit Requirements
OMB Uniform Guidance Single Audit if the recipient expends $750,000 or more in federal awards
๐Ÿ“ขBranding Requirements
acknowledgment of federal funding
๐Ÿ—„๏ธRecord Retention Period
3 years post-final-report

How Do I Apply?

sdlp@cdfi.treas.gov
2026530300

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FAQFrequently Asked Questions

Visit the program page for detailed eligibility requirements.

This program offers funding up to $2,500 (minimum $3).

This program accepts applications on a rolling basis.

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