INITIATIVE FOUNDATION IMPACT FUND — Loan fund, Little Falls, MN

Official record

CDFI Fund list, 21 Oct 2026

Institution type	Loan fund
Native CDFI	No
Date certified (as listed)	1 Jul 2026
RSSD ID	— (none listed)
Address	405 1ST ST SE, Little Falls, MN 56345 Directions (Google Maps)
Website	Not given on the official list (listed as “Non given”)

Loans and eligibility

Not yet verified

We have not yet read this lender's website, so we can't list its loan products, sizes or service area. That doesn't mean it lacks them. The official list gives no website for this lender; contact it at the address above.

Questions to ask when you contact them

We have no details from their website yet, so these are the basics to ask any lender. Something missing here does not mean they don't offer it: ask.

What kinds of loans do you make, and which one fits what I need?
We have no loan details from their website.
Do you lend where I live, or where my business is?
What are the smallest and the largest loans you make?
What interest rate and fees should I expect? For a personal, car or home loan, ask for the APR.
What documents will you need from me, and how long does a decision usually take?

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

$300,000 in 1 award from the U.S. Treasury's CDFI Fund, 2024 (CDFI Program, Technical Assistance).

Round year	Program	Amount
2024	CDFI Program, Technical Assistance	$300,000

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	$465,348
Total liabilities	$2,706
Net assets	$462,642
Total revenue	$798
Notes and loans receivable, net (Part X line 7)	$45,806

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 93-3064878, filed as “INITIATIVE FOUNDATION IMPACT FUND”), 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

How it compares

Computed from public data

Measure	This lender	Compared with
Total assets, latest IRS Form 990	$465,348	Larger than 0% of the 19 other certified loan funds and venture funds in Minnesota with a matched Form 990 (median $21.7M).

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 Minnesota	19	larger than 0%

“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 Little Falls and Minnesota

All 32 CDFIs in Minnesota

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