Plain-English explanation
This program is specifically for CDFIs and Revolving Loan Funds (RLFs) seeking capital to make low-interest loans to businesses owned and operated by ethnic minorities. The program description says the funding source carries extended payment terms for successful CDFIs and community-based RLFs; it does not establish detailed loan-product rules. The listed maximum award is $400,000. Formal review criteria, application materials, cost-share requirements, total available funding, and operating rules are not provided, so an eligible applicant should confirm these details and the listed deadline with the state funder before preparing an application.
