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No. The application window for Small Business Catalyst Fund grants has closed.
If you have questions about your application status and have advanced to the second stage of review, please contact your assigned Small Business Catalyst Fund grant processor.
If your application has not advanced to the second stage of review, please be patient as we review the 400+ applications submitted for this grant program. Applications will be reviewed from mid-December 2024 through mid-January 2025. Be advised that most applicants will not advance to the second stage of review.
General inquiries can be sent to sbcfgrantadmin@crfusa.com
Applicants who have advanced to the second round of review can expect to receive an email notification in December 2024 and January 2025. Please note, due to the significant demand for this program, not all applicants will advance to the second round of review.
The application window for Small Business Catalyst Fund grants has closed. If you have questions about a grant application, please contact sbcfgrantadmin@crfusa.com
The Small Business Catalyst Fund is a new program offering grant and loan capital to eligible businesses with capital needs located in central and southeastern United States. The Fund is supported by Fifth Third Bank through its Neighborhood Investment program and is implemented by four local CDFIs with extensive experience serving entrepreneurs unable to secure capital and resources from traditional sources.
Eligible grantees must be for-profit small businesses located in one of the focus states of the program.
Eligible small businesses must operate in one or more of the following states:
Loan sizes will vary based on the business need and can range from a minimum of $5,000 to a maximum of $750,000.
Fixed 7.5%
Loan funds can be used for a variety of reasons, including payroll, inventory purchases, refinancing and more. Be sure to talk with your lending professional about any questions about eligible uses.
Yes. A Uniform Commercial Code (UCC) or all asset filing is required.
Yes.