Small Business Catalyst Fund Grant By CRF And Fifth Third Bank
Donor: Community Reinvestment Fund, USA (CRF) and Fifth Third Bank About: The Small Business Catalyst Fund Grant supports small businesses in specific neighborhoods by offering $5,300 grants to cover business…
Grant Overview
Donor: Community Reinvestment Fund, USA (CRF) and Fifth Third Bank
About: The Small Business Catalyst Fund Grant supports small businesses in specific neighborhoods by offering $5,300 grants to cover business expenses. These funds can be applied toward working capital, technical assistance, and routine business needs, and do not require repayment. The program is open to businesses located in priority neighborhoods within Fifth Third Bank’s central and southeastern U.S. regions. Applicants initially submit a basic application, and those advancing past the first review may be asked for additional information. Community Development Financial Institutions (CDFIs) also partner with the program, offering further loan options ranging from $5,000 to $750,000. CDFIs prioritize underserved entrepreneurs, helping them gain capital and resources to grow their businesses.
Focus: working capital, business growth, technical assistance, underserved business support
Region: central and southeastern U.S. (IN, OH, FL, GA, NC, KY, IL specific neighborhoods)
Eligibility: small businesses in specified neighborhoods, 2023 federal tax return or schedule C, government ID, voided business check
Benefits: $5,300 grant
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