CDFI Friendly Bloomington is a 501(c)(3) organization implementing a new strategy developed for the unique challenges of smaller communities to increase flexible and affordable financing for businesses, nonprofits, affordable housing, and community projects in Bloomington, IN, and the Indiana Uplands region.
In response to a greater need for local financing beyond what local banks could provide, a group of Bloomington entities created CDFI Friendly Bloomington to increase flexible, affordable loans in Bloomington and Monroe County for projects and businesses that banks and other conventional financial institutions cannot finance. We help bring in larger CDFIs that do not regularly work in Bloomington to help meet these financing needs in our community.
Community Development Financial Institutions (CDFIs) are private financial institutions dedicated to lending to low-income, low-wealth, or disadvantaged communities who have difficulty accessing traditional lines of credit.
Whether you are a developer in search of financing for an affordable housing project, growing or starting your small business, or a nonprofit expanding its capacity, we are here to help you get your project funded. We service a 13 county area in South-Central Indiana, connect you to CDFIs, and providing technical assistance throughout the loan application process.
Learn about CDFIs.
Learn what it means to be a CDFI Friendly Community.
Have a project idea? Submit our Intake Application to get started?