Pennsylvania Minority Business Development Authority- Revolving Loan Fund Capitalization P
🏛 Pennsylvania Department of Community & Economic Development
✓ Free, no account · Source: Pennsylvania Grants (CODE PA) · Last verified May 31, 2026
Can you apply?
This grant is for Community Development Financial Institutions (CDFIs) and Community-based Revolving Loan Funds (RLFs) in Pennsylvania. Eligible organizations must have a track record of successfully lending to minority-owned businesses. The program provides capital for revolving loan funds that offer low-interest financing to ethnic minority entrepreneurs and business owners. Geographic focus is limited to Pennsylvania.
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Program description
PMBDA-RLFCP program provides a source of funds with extended payment terms to successful Community Development Financial Institutions (CDFIs) and Community-based Revolving Loan Funds (RLFs) to make low-interest loans to businesses owned and operated by ethnic minorities.
Who can apply
Eligible applicants
Demographic focus
How to apply
Application links
Required documents
- CDFI Certification or RLF designation documentation
- Organization financial statements
- Loan portfolio performance data
- Proposed loan product descriptions
- Business plan for fund deployment
- Management team qualifications
FAQ
Who can apply for this grant?
CDFIs and Community-based Revolving Loan Funds with demonstrated lending experience to minority-owned businesses. Organizations must be based in Pennsylvania.
What is the deadline for this grant?
Check with the Pennsylvania Department of Community & Economic Development for current deadlines. Specifics may vary by funding cycle.
What are the funds used for?
Capitalization of revolving loan funds to provide low-interest loans to businesses owned and operated by ethnic minorities.
Is cost-sharing required?
No cost-sharing is required for this grant.
What award amounts are available?
Award amounts vary; typical range is around $400,000 though specifics should be confirmed directly with the agency.
💡 Tips for applicants
- Document your organization's track record of successful lending to minority-owned businesses. Lenders with strong repayment histories are competitive.
- Demonstrate how this capital injection will expand your loan portfolio. Show projected number of businesses and jobs created.
- Include detailed loan loss reserves and management policies. Lenders with rigorous risk management are favored.
- Align your loan products with the needs of your target minority business community. Show market research and demand.
- Build relationships with your state economic development office early. They can clarify priorities and provide guidance.
⚠️ Common mistakes
Weak documentation of past lending performance and repayment rates. Unclear loan loss reserve policies or risk management procedures. Vague projections about how capital will be deployed and impact on minority businesses.
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