When is the deadline for Community Development Loan Program - Capital Investment Fund?

This grant has a rolling deadline or the deadline has not been announced.

Community Development Loan Program - Capital Investment Fund

Q: How much funding does Community Development Loan Program - Capital Investment Fund provide?

Funding amounts vary. Check the grant details for specifics.

DAKOTA RESOURCES

Foundation Rolling (Quarterly) Community Development Grants Affordable Housing Grants Housing Grants for Nonprofits

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Funding Amount

Varies

Deadline

Rolling / Open

Grant Type

foundation

Overview

Community Development Loan Program - Capital Investment Fund

Overview: Flexible lending program designed to support rural communities, economic development organizations, housing authorities, and other Community Development Financial Institutions (CDFIs) in completing community and economic development projects.

Geographic Scope:

South Dakota (primary)

Minnesota and Wisconsin (expanded service)

Rural areas across the nation through CDFI partnerships

Focus Areas:

Housing development

Infrastructure development

Revolving loan funds

Industrial site certifications

Community facilities

Any project fitting the mission of community or economic development

Who They Serve:

Rural economic development organizations

Housing authorities

Community Development Financial Institutions (CDFIs)

Rural organizations ready to make economic impact

Key Features:

Flexible Terms: Interest-only payments for up to 10 years with no collateral required

Fast, Easy, Free Application Process: Simple application with no complex requirements

One-Year Draw Period: Pre-approved funds can be drawn down anytime within a one-year period

No Collateral: In most cases, no security required on loan

Project Flexibility: Funds can be used for any project fitting community/economic development mission

Loan Process:
1. Complete application
2. Work with Director of Community Lending (Terri LaBrie) to gather financial information
3. Receive pre-approval for specific loan amount if qualified
4. Draw down funds anytime within one-year period

Contact:

Director of Community Lending: Terri LaBrie

Phone: (605) 978-2804

Email: [email protected]

Website: dakotaresources.org

Background: Dakota Resources is a certified Community Development Financial Institution (CDFI) that has been serving rural communities for 25+ years. The organization has invested $30+ million in rural community and economic development organizations and $460 million in New Markets Tax Credit allocations.

How to Apply

Application Process

1. Contact Director of Community Lending: Terri LaBrie at (605) 978-2804 or [email protected]
2. Complete Application: Fast, easy, and free application process
3. Provide Financial Information: Submit relevant financial documents and organizational information
4. Receive Pre-Approval: Once qualified, Dakota Resources provides pre-approval for specific loan amount
5. Draw Down Funds: Access approved funds anytime within one-year period

Required Materials (typical):

Organization financial statements

Project description and budget

Community development/economic development mission alignment

Organization capacity and track record

Project timeline

Application Details:

No collateral required in most cases

Interest-only payment options available

Flexible repayment terms (up to 10 years)

Fast approval process

Free application