At a glance
From its website, read 2 Nov 2026Greenwood Archer Capital, Inc. is a loan fund based in Chicago, Illinois. Its website describes commercial real estate loans, affordable housing development loans and small-business loans. Stated loan amounts run from $10,000 to $500,000. Where it lends: Greater Cook County, Illinois, including Chicago and suburbs, and parts of Northwest Indiana. The business loan rate it states is 3%. It says it considers borrowers with low or no credit history. It accepts an ITIN. 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
| loans@greenwoodarchercapital.org source | |
| Apply online | Page with the application link |
| Website | greenwoodarchercapital.org |
| Office (official list) | 1000 E. 111th Street 10th Floor, Chicago, IL 60628 |
What their website says about applying
Full individual tax returns for the most recent two years
sourceYear-to-Date Profit & Loss Statement and Balance Sheet
sourceBank statements for the last 4 months
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 2 Nov 2026| Loan | Stated | Text on the lender's site (verbatim) | Page |
|---|---|---|---|
| Commercial real estate loans | Rate: 3% | 3% during the initial 5 Year period | source |
| Small-business loans | Term: up to 5 yr | Up to 60 months | 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.
Who qualifies, in their words
- Low or damaged credit considered
Challenged credit score can be mitigated by other factors such as stronger ability to repay
source - ITIN accepted
such as a Social Security Number, ITIN (Individual Taxpayer Identification Number)
source - Collateral flexible or not always required
Flexible collateral options
source - Training or counseling required
The borrower must participate in technical assistance offered under the program
source
Only rules the lender's own pages state. Other requirements may apply.
Official record
CDFI Fund list, 21 Oct 2026| Institution type | Loan fund |
|---|---|
| Native CDFI | No |
| Date certified (as listed) | 14 Mar 2014 |
| RSSD ID | — (none listed) |
| Address | 1000 E. 111th Street 10th Floor, Chicago, IL 60628 Directions (Google Maps) |
| Website | greenwoodarchercapital.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 2 Nov 2026Read from 7 pages of the lender's website on 2 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: high. Program pages say general lending is up to $100,000, which conflicts with the $500,000 maximum on the loan pages. 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 | up to $200,000 | Up to $200,000, 100% financing | source |
| Affordable housing development loans | — | provides construction financing when needed | source |
| Small-business loans | $10,000 – $500,000 | loans ranging from $10,000 to $500,000 | source |
Loan sizes
loans ranging from $10,000 to $500,000
sourceUp to $100,000 for established businesses and start-up businesses
sourceUp to $200,000, 100% financing
source
Range used for the size filter: $10,000 to $500,000
Service area
Greater Cook County, Illinois, including Chicago and suburbs, and parts of Northwest Indiana
Currently GAC’s lending is reserved for the greater Cook County, Illinois areas including Chicago and its surrounding suburbs as well as parts of Northwest Indiana.
source
Counties this matches: Cook County, IL
Borrower focus
- Minority / BIPOC
Business must be black-owned.
source
Languages
- No non-English service found on the pages we read.
Online application
Yes — the site links to an application. Start Loan Application
source
Pages read (7)
- https://greenwoodarchercapital.org/
- https://greenwoodarchercapital.org/apply-for-a-loan
- https://greenwoodarchercapital.org/programs
- https://greenwoodarchercapital.org/general-lending
- https://greenwoodarchercapital.org/your-forte-our-finance
- https://greenwoodarchercapital.org/healthy-living-healthy-financing
- https://greenwoodarchercapital.org/faq
Questions to ask when you contact them
Based on what their website said when we read it on 2 Nov 2026, and what it left out. Something missing here does not mean they don't offer it: ask.
- 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$4 million in 8 awards from the U.S. Treasury's CDFI Fund, 2014–2022 (CDFI Equitable Recovery Program; CDFI Program, Financial Assistance; CDFI Rapid Response Program).
| Round year | Program | Amount |
|---|---|---|
| 2022 | CDFI Equitable Recovery Program | $596,573 |
| 2021 | CDFI Program, Financial Assistance | $389,000 |
| 2021 | CDFI Rapid Response Program | $935,000 |
| 2020 | CDFI Program, Financial Assistance | $700,000 |
| 2019 | CDFI Program, Financial Assistance | $450,000 |
| 2018 | CDFI Program, Financial Assistance | $400,000 |
| 2017 | CDFI Program, Financial Assistance | $350,000 |
| 2014 | CDFI Program, Financial Assistance | $140,000 |
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 Jun 2023| Total assets | $9.8M |
|---|---|
| Total liabilities | $557,179 |
| Net assets | $9.3M |
| Total revenue | $1.3M |
| Notes and loans receivable, net (Part X line 7) | $2.2M |
| Program-related investments (Part X line 13) | $6.9M |
End-of-year figures from the Form 990 this organisation filed with the IRS for the fiscal year ending June 2023 (tax year 2022; EIN 46-1076726, filed as “GREENWOOD ARCHER CAPITAL 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 |
|---|---|---|---|---|
| Jun 2022 (990) | $10.1M | $9.3M | $2.4M | $2.1M |
| Jun 2023 (990) | $9.8M | $9.3M | $1.3M | $2.2M |
Total assets fell 3% from Jun 2022 to Jun 2023; notes and loans receivable rose 5%. 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 |
|---|---|---|
| Largest loan its website states | $500,000 | Other loan funds whose website states a maximum: median $250,000. Higher than the stated maximum of 63% of these 184. |
| Total assets, latest IRS Form 990 | $9.8M | Larger than 25% of the 8 other certified loan funds and venture funds in Illinois with a matched Form 990 (median $48.6M). |
| Business loan rate its website stated (2 Nov 2026) | 3.00% | Prime rate that day: 7.00% (FRED DPRIME), so the lowest stated rate is 4 pts below 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 63% |
| Form 990 total assets | certified loan and venture funds with a Form 990, in Illinois | 8 | larger than 25% |
“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. Form 990 figures: IRS annual extracts (see the Form 990 section). Prime rate: FRED DPRIME.
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