At a glance
From its website, read 3 Nov 2026Cooperative Fund of the Northeast, Inc. is a loan fund based in Watertown, Massachusetts. Its website describes small-business loans. Where it lends: Co-ops and eligible nonprofits located in New England states and New York State. You can start an application online. It serves borrowers in Spanish.
Each point is backed by a quote further down this page. Terms change: confirm with the lender.
How to reach them and apply
| Toll-free | (800) 818-7833 source |
|---|---|
| Apply online | Page with the application link |
| Website | www.coopfund.coop |
| Office (official list) | P.O. Box 970, Watertown, MA 02471 |
What their website says about applying
our lending process always begins with YOU meeting with a Loan Officer that works in your area so we can guide you toward what financial products makes the most sense for your co-op.
sourcesubmit an inquiry using this contact form on our website or call us at 800-818-7833.
sourceDecide where you are on your journey, then reach out to us; if you’re not sure, that’s ok too.
source
Phone numbers and addresses are the ones on the lender's own site and the CDFI Fund list. CDFI Atlas does not take applications.
Official record
CDFI Fund list, 21 Oct 2026| Institution type | Loan fund |
|---|---|
| Native CDFI | No |
| Date certified (as listed) | 12 Jul 2025 |
| RSSD ID | — (none listed) |
| Address | P.O. Box 970, Watertown, MA 02471 |
| Website | www.coopfund.coop |
Head officeBranch or officeApproximate (ZIP code area)
Map data © OpenStreetMap contributors, © OpenMapTiles, tiles OpenFreeMap. Head-office points: U.S. Census Bureau geocoder.
Loans and eligibility
Verified from lender site on 3 Nov 2026Read from 12 pages of the lender's website on 3 Nov 2026. Quotes are verbatim. Extracted with AI help from the pages listed below and checked automatically against them. Not reviewed by a person. Confidence: medium. Loan amounts and terms are not stated in the fetched pages. Terms change — confirm with the lender before applying.
| Product | Amount stated | Text on the lender's site (verbatim, incl. menu labels) | Page |
|---|---|---|---|
| Small-business loans | — | the Co-op Launch Loan and ELF, or equity-like financing. | source |
Loan sizes
No amounts stated on the pages we read.
Service area
Co-ops and eligible nonprofits located in New England states and New York State
Applicants must be located within the New England states of Massachusetts, Vermont, New Hampshire, Maine, Connecticut and Rhode Island or within New York state.
source
Borrower focus
Languages
- Spanish
she works with Spanish- and English-speaking applicants and borrowers to assess project feasibility
source
Online application
Yes — the site links to an application. CFNE Loan Application
source
Pages read (12)
- https://cooperativefund.org/
- https://cooperativefund.org/co-op-borrowers/nonprofits/
- https://cooperativefund.org/co-op-borrowers/other-coop/
- https://cooperativefund.org/co-op-borrowers/housing-coops/
- https://cooperativefund.org/co-op-borrowers/co-housing-coops/
- https://cooperativefund.org/co-op-borrowers/manufactured-housing-coops/
- https://cooperativefund.org/borrower-info/
- https://cooperativefund.org/lending-policies/
- https://cooperativefund.org/about-us/personnel/
- https://cooperativefund.org/borrower-info-2023/
- https://cooperativefund.org/get-a-loan-with-cfne/
- https://cooperativefund.org/co-op-borrowers/producer/
Questions to ask when you contact them
Based on what their website said when we read it on 3 Nov 2026, and what it left out. Something missing here does not mean they don't offer it: ask.
- What are the smallest and the largest loans you make?
No loan amounts are stated on their website. - What interest rate and fees should I expect on your small-business loans?
Their website does not state a rate for this. - Do you need collateral, a business plan or a minimum time in business?
Their website does not say what they require. - How long can I take to repay?
No repayment terms are stated on their website. - Do you offer free coaching or help preparing my application?
CDFI certification requires development services, such as training or advice, alongside lending. - What documents will you need from me, and how long does a decision usually take?
Their website describes some application steps (above); ask for the full document list.
Write down the answers, who you spoke to and the date, and ask for the terms in writing before you sign.
CDFI Fund awards
CDFI Fund database, 3 Nov 2026$12.2 million in 15 awards from the U.S. Treasury's CDFI Fund, 1998–2022 (5 programs).
| Round year | Program | Amount |
|---|---|---|
| 2022 | CDFI Equitable Recovery Program | $1,652,559 |
| 2021 | CDFI Rapid Response Program | $1,826,265 |
| 2019 | CDFI Program, Financial Assistance | $565,000 |
| 2017 | CDFI Program, Financial Assistance | $686,500 |
| 2017 | Healthy Food Financing Initiative, Financial Assistance | $1,000,000 |
| 2015 | CDFI Program, Financial Assistance | $1,000,000 |
| 2015 | Healthy Food Financing Initiative, Financial Assistance | $1,250,000 |
| 2013 | CDFI Program, Technical Assistance | $99,587 |
| 2012 | CDFI Program, Financial Assistance | $703,806 |
| 2011 | CDFI Program, Financial Assistance | $2,000,000 |
| 2010 | CDFI Program, Financial Assistance | $750,000 |
| 2008 | CDFI Program, Technical Assistance | $82,420 |
| 2007 | CDFI Program, Financial Assistance | $207,718 |
| 2006 | CDFI Program, Technical Assistance | $92,100 |
| 1998 | CDFI Program, Financial Assistance | $250,000 |
These are awards and investments made to the institution itself to build its capital and capacity. They are not loans to borrowers, and an award does not mean the lender has money available for a particular loan today.
Source: CDFI Fund Searchable Awards Database, all 12,628 award records (1996–2025), read 3 Nov 2026. Years are the award round as the database lists it. Matched to the official CDFI list by exact name and state; see the method on the About page.
Size of the fund (IRS Form 990)
Fiscal year ending Dec 2023| Total assets | $50.4M |
|---|---|
| Total liabilities | $36.8M |
| Net assets | $13.6M |
| Total revenue | $4.1M |
| Notes and loans receivable, net (Part X line 7) | $37.9M |
End-of-year figures from the Form 990 this organisation filed with the IRS for the fiscal year ending December 2023 (tax year 2023; EIN 03-0264092, filed as “COOPERATIVE FUND OF THE NORTHEAST INC”), taken from the IRS Annual Extract of Tax-Exempt Organization Financial Data (returns processed in 2024). Figures are self-reported to the IRS, not audited by us, and lag one to two years behind today. The lender’s own annual report may show newer numbers. This organisation’s filings on ProPublica Nonprofit Explorer
Filings over time
| Fiscal year ending | Total assets | Net assets | Revenue | Notes and loans receivable |
|---|---|---|---|---|
| Dec 2021 (990) | $43.8M | $10.7M | $2.9M | $22.7M |
| Dec 2022 (990) | $47.9M | $12.8M | $4.8M | $28.4M |
| Dec 2023 (990) | $50.4M | $13.6M | $4.1M | $37.9M |
Total assets grew 15% from Dec 2021 to Dec 2023; notes and loans receivable rose 67%. One row per fiscal year in the IRS extracts of returns processed in 2022, 2023, 2024; “—” = the line was empty or zero on that return (a fund can book its loans on other lines).
How it compares
Computed from public data| Measure | This lender | Compared with |
|---|---|---|
| Total assets, latest IRS Form 990 | $50.4M | Larger than 76% of the 17 other certified loan funds and venture funds in Massachusetts with a matched Form 990 (median $20M). |
How these comparisons were worked out
| Measure | Peer group (this lender left out) | Peers | Where this lender sits |
|---|---|---|---|
| Form 990 total assets | certified loan and venture funds with a Form 990, in Massachusetts | 17 | larger than 76% |
“Larger than X%” = the share of the peer group with a smaller value. Ranks count from the largest. Peer groups use the lender's home state when it has at least 5 peers, otherwise the whole country. Full definitions: methodology.
For comparison, not an offer and not a rating. Past records show what this lender did, not what you would be offered. Peer groups and sources: methodology. Form 990 figures: IRS annual extracts (see the Form 990 section).
Other certified CDFIs in Watertown and Massachusetts
- BOSTON IMPACT INITIATIVE FUND II LLCLoan fund · Jamaica Plain, MAEquity / venture investment, Small-business loansVerified
- BlueHub Loan Fund IncLoan fund · Boston, MAChild-care facility financing, Commercial real estate loans, Affordable housing development loans, Nonprofit / community facility loansVerified
- Cape & Islands Community Development Inc.Loan fund · Centerville, MASBA-backed loans (7(a)/504/Community Advantage), Small-business loansVerified
- Children's Investment Fund, Inc.Loan fund · Boston, MAChild-care facility financingVerified
- Community Development and Affordable Housing Fund, LLCLoan fund · Brookline, MAAffordable housing development loansVerified
- Community Health Center Capital Fund, Inc.Loan fund · Boston, MAEnergy / solar / efficiency loans, Equipment loans, Nonprofit / community facility loansVerified
Work at Cooperative Fund of the Northeast, Inc.? Link to this page
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