At a glance
From its website, read 2 Nov 2026McLennan Community Investment Fund is a loan fund based in Waco, Texas. Its website describes equipment loans, microloans, SBA-backed loans and 1 other loan type. Where it lends: Small businesses in Waco, Bellmead, Beverly Hills, Lacy Lakeview and Robinson (McLennan County, TX). 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 | (888) 222-0017 source |
|---|---|
| Lending | (254) 400-5480 source |
| Main | (254) 292-2825 source |
| Apply online | Page with the application link |
| Website | mccif.org |
| Office (official list) | 605 Austin Avenue Suite 3, Waco, TX 76701 |
What their website says about applying
It’s free to apply. You’ll start on peoplefund.org, and your application is reviewed by our team.
sourceFill out the full application in PeopleFund’s secure online portal.
sourceClick here to submit a Loan Inquiry to our office.
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 |
|---|---|---|---|
| Loans (general) | Rate stated, not as an APR: see their wording | Fixed Interest Rates from 6% to 9% | 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) | 1 May 2023 |
| RSSD ID | — (none listed) |
| Address | 605 Austin Avenue Suite 3, Waco, TX 76701 Directions (Google Maps) |
| Website | mccif.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. Loans are applied for and serviced through PeopleFund’s online portal after McCIF’s 2025 affiliation with PeopleFund. Terms change — confirm with the lender before applying.
| Product | Amount stated | Text on the lender's site (verbatim, incl. menu labels) | Page |
|---|---|---|---|
| Equipment loans | — | Loans for Equipment, Working Capital, Accounts Receivable | source |
| Microloans | — | Microloans | source |
| SBA-backed loans (7(a)/504/Community Advantage) | up to $5M | SBA-backed loans of up to $5 million | source |
| Small-business loans | — | Small Business Loans | source |
Loan sizes
SBA-backed loans of up to $5 million
source
Service area
Small businesses in Waco, Bellmead, Beverly Hills, Lacy Lakeview and Robinson (McLennan County, TX)
McLennan Community Investment Fund (McCIF) Serves Small Businesses in the Cities of Waco, Bellmead, Beverly Hills, Lacy Lakeview, and Robinson
source
Counties this matches: McLennan County, TX
Borrower focus
Languages
- Spanish
Podemos ayudarlo a navegar por las necesidades de su negocio y recomendar los mejores productos para ayudar a que su negocio crezca.
source
Online application
Yes — the site links to an application. Applications go through PeopleFund’s secure online portal, and our McCIF team in Waco is here to help you every step of the way.
source
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 are the smallest and the largest loans you make?
No loan amounts are stated on their website. - 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.
Size of the fund (IRS Form 990)
Fiscal year ending Dec 2022| Total assets | $474,177 |
|---|---|
| Total liabilities | $8,000 |
| Net assets | $466,177 |
| Total revenue | $289,788 |
| Program-related investments (Part X line 13) | $112,953 |
End-of-year figures from the Form 990 this organisation filed with the IRS for the fiscal year ending December 2022 (tax year 2022; EIN 84-4371176, filed as “MCLENNAN COMMUNITY INVESTMENT FUND”), taken from the IRS Annual Extract of Tax-Exempt Organization Financial Data (returns processed in 2023). 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) | $345,558 | $335,990 | $215,379 | $92,611 |
| Dec 2022 (990) | $474,177 | $466,177 | $289,788 | — |
Total assets grew 37% from Dec 2021 to Dec 2022. 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 | $474,177 | Larger than 12% of the 16 other certified loan funds and venture funds in Texas with a matched Form 990 (median $9.6M). |
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 Texas | 16 | larger than 12% |
“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 Waco and Texas
- First Central Credit UnionCredit union · Waco, TXAgriculture / farm loans, Auto / vehicle loans, Credit-builder loans, Small-dollar / emergency loans…Verified
- Heart O' Texas Federal Credit UnionCredit union · Waco, TXOfficial list only
- Affordable Homes of South Texas, Inc.Loan fund · McAllen, TXHome repair / improvement loans, Home mortgagesVerified
- BORDERPLEX COMMUNITY CAPITAL, INCLoan fund · El Paso, TXCommercial real estate loans, Equipment loans, Microloans, Small-business loansVerified
- Border Federal Credit UnionCredit union · Del Rio, TXAuto / vehicle loans, Personal / consumer loansVerified
- Business Investment GrowthLoan fund · Austin, TXMicroloansVerified
Work at McLennan Community Investment Fund? Link to this page
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