# Fiscal Year 2022 Small Dollar Loan Program

Source: https://welltoldgrants.com/grants/cdfi-2022-sdl-fiscal-year-2022-small-dollar-loan-program/  
Official notice: https://www.grants.gov/search-results-detail/339857

> Community Development Financial Institutions offered grants of up to $500,000 (at least $10,000) to the applicants described in the notice. It expected to make about 50 awards worth $11.3 million in total. Applications closed on June 15, 2022.

| Field | Value |
|---|---|
| Opportunity number | CDFI-2022-SDL |
| Agency | Community Development Financial Institutions |
| Status | Forecast |
| Deadline | June 15, 2022 |
| Award ceiling | $500,000 |
| Award floor | $10,000 |
| Expected awards | 50 |
| Total funding | $11.3 million |
| Cost sharing | not required |
| Assistance Listings | 21.025 |

## Who can apply

- Others (see text field entitled "Additional Information on Eligibility" for clarification)

Applicants must be Certified Community Development Financial Institutions (CDFIs).

## What the grant funds

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 encourage Certified CDFIs to establish and maintain 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.

## Questions people ask

### Is CDFI-2022-SDL still open?

No. It closed on June 15, 2022.

### Who can apply for Fiscal Year 2022 Small Dollar Loan Program?

Community Development Financial Institutions accepted applications from the applicants described in the notice. The notice adds further conditions, so read its eligibility section.

### What is the deadline for Fiscal Year 2022 Small Dollar Loan Program?

Closed June 15, 2022. Applications are no longer accepted; the program's newer notices are on this page when there are any.

### How much funding is available?

Awards of up to $500,000 each. About $11.3 million in total across about 50 awards.

### Who has won Small Dollar Loan Program grants before?

The largest recipients over five fiscal years were University Financial Corp, GBC DBA Sunrise Banks, Great Rivers Community Capital, Inc., Cani's Center for Community and Economic Development, Inc. The program made 178 awards worth $39.2 million in that time.