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City First Enterprises

City First Enterprises advances racial, economic, and social equity by providing underinvested communities access to capital and financial expertise for affordable housing, education, nonprofits, small businesses, and climate-focused initiatives.

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Contact Information
1701 Rhode Island Ave NW, Suite 3-103
(202) 745-4483 http://cfenterprises.org
Community development financial institutions (CDFIs) are lenders with a mission to provide fair, responsible financing to underserved communities, including low-income neighborhoods and small businesses, that mainstream finance doesn’t traditionally reach.
Locations Served
Districtwide
Languages
English
Spanish
Lender Interests
Seek to specifically work with businesses in the DMV region having difficulty accessing capital from traditional commercial lenders. We finance the following: equipment acquisition, commercial real estate, business expansion, working capital, commercial vehicles, community-based organization.
Decision Making Process
We are not a bank/depository institution.
Reasons for reject
Not enough years in operation (startups), inadequate debt service coverage, tax liens
General Information

Jorge A. Zambrano | Commercial Lending Team Lead | (301) 685-3216 | Jorge@cfenterprises.org

Eligibility & Requirements

General Requirements †

  • Personal Credit Score:
    N/A
  • Business Credit Score:
    N/A
  • Personal Guarantee:
    Yes
  • Number of Months Financial Statements:
    24 months
  • Years in Operation:
    2 or more years
  • Annual Revenue:
    Depends on financing need.
  • Collateral:
    Depends on financing need, but typically requires first lien on assets, which may include real estate, large equipment, receivables, etc.
  • Other:
    EIN, current bank statements, certificate of good standing with jurisdiction where company is registered.

Ineligible Loan Uses ‡

  • Not enough years in operation (startups)
  • Inadequate debt service coverage
  • Tax liens

† Note: These are generally required

‡ Items, industries, and/or purposes that are not eligible for financing