Capital Investment Fund Loan Application

See information below on loan terms, eligibility, and rate options. If you are eligible for a loan, download the form below and fill out the information. When the form is complete, email to [email protected]. If you have any questions please contact us.

Loan Terms

• Unsecured credit with no collateral or project approval requirement.
• Interest-only quarterly repayment with principal due at maturity.
• Up to 10-year terms.
• Pre-approval for up to 12 months, with draw down when you need it.
• $100,000 minimum. Loan maximum is based on a number of financial factors.
• No prepayment or early principal payment penalty.
• Loan fee of 1% of principal due at origination and upon renewal.

Eligibility

• Rural community / economic development corporations, CDFIs serving rural and/or Native communities, housing commissions, and other nonprofit organizations engaged in community and economic development in rural places.
• Serving rural communities under 50,000 people.
• Meet minimum financial and impact rating for pre-approval (ask for details).

Rate Options (subject to change, effective as of 1/1/2024)

• Variable rate: 5.0% (adjusts annually on January 1)
• Fixed rate for 5 years: 5.5%
• Fixed rate for 10 years: 5.8%