Ecosystem Map The Coalition Website

LISC DC

Supporting small businesses in unique areas such as acquiring their own property to build assets, construction related projects, and in the supplier diversity space for permanent working capital.

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Contact Information
No branches
(202) 967-2002 https://www.lisc.org/dc/
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
Lender Interests
Existing businesses at least two years in operation; businesses with at least $100K in annual revenues, and with either historical and/or projected cash flow to be able to support the loan. Commercial Real Estate acquisition & construction, leasehold improvements and FF&E, permanent working capital.
Decision Making Process
LISC program offices lead the relationship and underwriting process, but committees and final approvals do flow through a national LISC lending team that also supports throughout the relationship and underwriting process.
Reasons for reject
Less than two years in business, historical and/or projected cash flow that doesn't support the loan repayment, and past due on open credit items.
General Information

Marcus Robinson | Assistant Program Officer | (202) 967-2002 | mrobinson@lisc.org

Products & Services

Products & Interest Rates

  • Secured term loans:
    9.25%-9.85%
  • Unsecured term loans:
    10.25%-10.85%
  • Secured lines of credit
  • Unsecured lines of credit

Loans Offered

  • Small business loans: 
    • $150,001 – $250k
    • greater than $250,001
Eligibility & Requirements

General Requirements †

  • Personal Credit Score:
    600
  • Business Credit Score:
    N/A
  • Personal Guarantee:
    Yes
  • Number of Months Financial Statements:
    2-3 years
  • Years in Operation:
    2 years
  • Annual Revenue:
    $100,000
  • Collateral:
    UCC lien on operating business, lien on property for commercial real estate.

Ineligible Loan Uses ‡

  • Less than two years in business
  • Historical and/or projected cash flow that doesn’t support the loan repayment
  • Past due on open credit items. 
  • “Sin” businesses, i.e., adult entertainment, tobacco, alcohol, weapons, gambling.

† Note: These are generally required
‡ Items, industries, and/or purposes that are not eligible for financing