At a glance
From its website, read 29 Oct 2026Craft3 is a loan fund based in Portland, Oregon. Its website describes commercial real estate loans, equipment loans, home repair loans and 1 other loan type. Stated loan amounts run from $50,000 to $4M. Where it lends: Oregon and Washington. Business loan rates stated on its site range from 7.5% to 11%. You can start an application online.
Each point is backed by a quote further down this page. Terms change: confirm with the lender.
How to reach them and apply
| Apply online | Page with the application link |
|---|---|
| Website | www.craft3.org |
| Office (official list) | 1336 NW Flanders St. PMB 229, Portland, OR 97209 |
What their website says about applying
A Craft3 lender will invite you to apply and help you complete your loan application package.
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.
Rates and terms they state
Read 29 Oct 2026| Loan | Stated | Text on the lender's site (verbatim) | Page |
|---|---|---|---|
| Commercial real estate loans | Rate: 8.5%–9.5% | Fixed rates from 8.50% to 9.50% | source |
| Small-business loans | Rate: 7.5%–11% | Fixed rates from 7.50% to 11.00% | source |
| Small-business loans | Rate: 8%–11% | Fixed rates from 8.00% to 11.00% | source |
| Commercial real estate loans | Term: 5 yr–7 yr | Typically 5 to 7 years, with longer amortizations possible in some cases | source |
| Small-business loans | Term: 3 yr–7 yr | Typically 3 to 7 years, with longer amortizations possible in some cases | source |
As published on the lender's website on that date, not an offer or a quote. Your rate depends on the lender's review. A missing rate means the pages we read did not state one. For consumer loans we repeat a rate only when the lender states it as an APR (annual percentage rate, which includes fees); otherwise read the lender's own wording and ask for the APR.
Official record
CDFI Fund list, 21 Oct 2026| Institution type | Loan fund |
|---|---|
| Native CDFI | No |
| Date certified (as listed) | 17 Sep 2013 |
| RSSD ID | — (none listed) |
| Address | 1336 NW Flanders St. PMB 229, Portland, OR 97209 Directions (Google Maps) |
| Website | www.craft3.org |
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 29 Oct 2026Read from 5 pages of the lender's website on 29 Oct 2026. Quotes are verbatim. Reviewed by a person (Oct 2026). Items added later were extracted with AI help and checked automatically against the pages listed below. Confidence: medium. Terms change — confirm with the lender before applying.
| Product | Amount stated | Text on the lender's site (verbatim, incl. menu labels) | Page |
|---|---|---|---|
| Commercial real estate loans | — | Get Started with Craft3 Owner-Occupied Commercial Real Estate Loans | source |
| Equipment loans | — | Purchase equipment and inventory | source |
| Home repair / improvement loans | — | Looking to finance a septic system repair or replacement in Oregon? | source |
| Small-business loans | — | We offer flexible, mission-driven loans for businesses, communities—especially those overlooked by traditional lenders. | source |
Loan sizes
Range used for the size filter: $50,000 to $4M
Service area
Oregon and Washington
Businesses & Nonprofits in Oregon & Washington
source
Statewide: Oregon, Washington
Borrower focus
- Native American / Alaska Native / Native Hawaiian
Indian Country Loans Over 20+ years, we've invested more than $50 million in tribal communities across Oregon and Washington. We’re committed to helping Tribal nations, Tribal small businesses, Native entrepreneurs, and…
source - Nonprofits
Businesses & Nonprofits in Oregon & Washington
source - Rural
Craft3 focuses on three regional challenges: Systemic Racism, Climate Crisis, and Rural and Tribal Economies. These challenges threaten to hold our region back and hurt us all. We address these challenges by using our c…
source
Languages
- No non-English service found on the pages we read.
Online application
Yes — the site links to an application. Start The Financing Process
source
Questions to ask when you contact them
Based on what their website said when we read it on 29 Oct 2026, and what it left out. Something missing here does not mean they don't offer it: ask.
- What is the APR, including fees, on your home repair loans?
Their website does not state an APR. The APR includes fees, so it is the number to compare. - Is there a minimum credit score, and do you consider borrowers with little or no credit history?
Their website does not say what credit history they accept. - Do you need collateral, a business plan or a minimum time in business?
Their website does not say what they require. - 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$20.4 million in 19 awards from the U.S. Treasury's CDFI Fund, 1998–2022 (4 programs).
| Round year | Program | Amount |
|---|---|---|
| 2022 | CDFI Equitable Recovery Program | $4,957,678 |
| 2022 | CDFI Program, Financial Assistance | $560,000 |
| 2021 | CDFI Program, Financial Assistance | $590,000 |
| 2021 | CDFI Rapid Response Program | $1,826,265 |
| 2019 | CDFI Program, Financial Assistance | $525,000 |
| 2018 | CDFI Program, Financial Assistance | $700,000 |
| 2017 | CDFI Program, Financial Assistance | $686,500 |
| 2016 | CDFI Program, Financial Assistance | $750,000 |
| 2015 | CDFI Program, Financial Assistance | $2,000,000 |
| 2014 | CDFI Program, Financial Assistance | $2,000,000 |
| 2012 | CDFI Program, Financial Assistance | $1,453,806 |
| 2010 | CDFI Program, Financial Assistance | $750,000 |
| 2009 | CDFI Program, Financial Assistance | $1,000,000 |
| 2008 | CDFI Program, Financial Assistance | $1,065,000 |
| 2006 | CDFI Program, Financial Assistance | $585,000 |
| 2004 | CDFI Program, Financial Assistance | $350,000 |
| 2004 | CDFI Program, Technical Assistance | $49,990 |
| 2000 | CDFI Program, Technical Assistance | $50,000 |
| 1998 | CDFI Program, Financial Assistance | $503,000 |
New Markets Tax Credit allocations
$213 million in 5 allocations. An NMTC allocation is the authority to offer investors federal tax credits for community investments; it is not cash paid to the lender and is not counted in the award total above.
| Round year | Program | Allocation |
|---|---|---|
| 2024 | New Markets Tax Credit allocation | $80,000,000 |
| 2018 | New Markets Tax Credit allocation | $50,000,000 |
| 2009 | New Markets Tax Credit allocation | $40,000,000 |
| 2006 | New Markets Tax Credit allocation | $35,000,000 |
| 2003 | New Markets Tax Credit allocation | $8,000,000 |
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.
How it compares
Computed from public data| Measure | This lender | Compared with |
|---|---|---|
| Largest loan its website states | $4M | Other loan funds whose website states a maximum: median $250,000. Higher than the stated maximum of 86% of these 184. |
| Business loan rate its website stated (29 Oct 2026) | 7.50% to 11.00% | Prime rate that day: 7.00% (FRED DPRIME), so the lowest stated rate is 0.5 pts above prime. For an SBA 7(a) variable-rate loan the legal maximum is prime plus 3 to 6.5 points, by loan size. |
How these comparisons were worked out
| Measure | Peer group (this lender left out) | Peers | Where this lender sits |
|---|---|---|---|
| Largest stated loan | other loan funds stating a maximum, nationwide | 184 | higher than 86% |
“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; your rate depends on the loan and on the lender's review. Peer groups and sources: methodology. Prime rate: FRED DPRIME.
SBA loans approved
SBA data as of 30 Sep 2026The SBA's public loan data lists 6 SBA-backed approvals for Craft3 in fiscal years 2020–2026 (October 2019 to September 2026):
- 2 7(a) loans as the lender
- 4 504 projects as the third-party (first-lien) lender: $5.5M in total (its own third-party loan amount), median $1.1M
By fiscal year: FY2020 3 · FY2021 2 · FY2022 0 · FY2023 1 · FY2024 0 · FY2025 0 · FY2026 0.
By program
- 504 projects (as the third-party lender) (4, 67%)
- 7(a) Community Advantage (2, 33%)
How this lender was matched in the SBA files: 504 third-party lender name: same organisation by name and state, checked by hand (SBA lists “Craft3”); SBA lender ID 0487837: same organisation by name and state, checked by hand (SBA lists “Craft3”).
Approved is not the same as paid out: an approved loan can be reduced or never drawn. SBA lists the lender each loan is currently assigned to, which can differ after a merger or loan sale. Craft3 may also make loans outside SBA programs, which are not counted here, and SBA Microloans are not in these files. For 504 projects, the CDC amount is the SBA-backed portion and the third-party lender amount is that lender's own first-lien loan.
Source: U.S. Small Business Administration, 7(a) & 504 FOIA loan data, files as of 30 Sep 2026, downloaded 3 Nov 2026. Our counts, cancelled approvals left out. How we match lenders.
Other certified CDFIs in Portland and Oregon
- Consolidated Federal Credit UnionCredit union · Portland, ORAuto / vehicle loans, Home mortgages, Small-business loansVerified
- Habitat for Humanity of Oregon , Inc.Loan fund · Portland, OROfficial list only
- HDC Community Fund LLCLoan fund · Portland, ORAffordable housing development loans, Nonprofit / community facility loansVerified
- Ironworkers USA Federal Credit UnionCredit union · Portland, OROfficial list only
- Network for Oregon Affordable HousingLoan fund · Portland, OROfficial list only
- Point West Credit UnionCredit union · Portland, ORAuto / vehicle loans, Credit-builder loans, Small-dollar / emergency loans, Home mortgages…Verified
- Portland Housing CenterLoan fund · Portland, ORHome mortgagesVerified
Work at Craft3? Link to this page
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