At a glance
From its website, read 2 Nov 2026Providence Revolving Fund is a loan fund based in Providence, Rhode Island. Its website describes home repair loans, affordable housing development loans and microloans. Where it lends: Statewide across Rhode Island. It says it considers borrowers with low or no credit history. 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
| Main | (401) 272-2760 source |
|---|---|
| info@revolvingfund.org source | |
| Website | www.revolvingfund.org |
| Office (official list) | 372 West Fountain Street, Providence, RI 02903 |
What their website says about applying
Call (401) 272-2760 to begin the process and request an application.
sourceFill out and submit the PRF loan application.
sourceSubmit an inquiry to learn more by calling 401-272-2760.
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.
Who qualifies, in their words
- Low or damaged credit considered
Credit history does not affect the ability to obtain a loan, and collateral is not required for a business owner to proceed.
source - Collateral flexible or not always required
Credit history does not affect the ability to obtain a loan, and collateral is not required for a business owner to proceed.
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) | 13 Jul 2025 |
| RSSD ID | — (none listed) |
| Address | 372 West Fountain Street, Providence, RI 02903 Directions (Google Maps) |
| Website | www.revolvingfund.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: medium. The statewide home repair program application period is closed, and the pages give no loan amounts for the home repair loan product. Terms change — confirm with the lender before applying.
| Product | Amount stated | Text on the lender's site (verbatim, incl. menu labels) | Page |
|---|---|---|---|
| Home repair / improvement loans | — | PRF offers affordable home repair loans for the exterior renovation of homes 50+ years old. | source |
| Affordable housing development loans | — | PRF provides Developers with customize-able financing including but not limited to Pre-Development, Construction, Bridge, and Mezzanine loans. | source |
| Microloans | up to $5,000 | Across the entire state of Rhode Island, small businesses with 10 or fewer employees can easily access loans of up to $5,000. | source |
Loan sizes
Across the entire state of Rhode Island, small businesses with 10 or fewer employees can easily access loans of up to $5,000.
source
Service area
Statewide across Rhode Island
Across the entire state of Rhode Island, small businesses with 10 or fewer employees can easily access loans of up to $5,000.
source
Statewide: Rhode Island
Borrower focus
- Not stated on the pages we read.
Languages
- Spanish
El periodo de solicitud para el Programa Estatal de Reparación de Viviendas ha finalizado.
source
Online application
No online application link found on the pages we read.
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. - 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. - What interest rate and fees should I expect on your affordable housing development loans and microloans?
Their website does not state a rate for this. - How long can I take to repay?
No repayment terms are stated on their website. - Can I apply online, or do I need to call or visit?
We found no online application 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$4.6 million in 4 awards from the U.S. Treasury's CDFI Fund, 2021–2022 (CDFI Equitable Recovery Program; CDFI Program, Financial Assistance; CDFI Rapid Response Program).
| Round year | Program | Amount |
|---|---|---|
| 2022 | CDFI Equitable Recovery Program | $1,841,777 |
| 2022 | CDFI Program, Financial Assistance | $640,000 |
| 2021 | CDFI Program, Financial Assistance | $525,000 |
| 2021 | CDFI Rapid Response Program | $1,600,000 |
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 Feb 2023| Total assets | $11.7M |
|---|---|
| Total liabilities | $6.3M |
| Net assets | $5.4M |
| Total revenue | $938,619 |
| Notes and loans receivable, net (Part X line 7) | $8.2M |
End-of-year figures from the Form 990 this organisation filed with the IRS for the fiscal year ending February 2023 (tax year 2022; EIN 05-0386411, filed as “PROVIDENCE REVOLVING FUND 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 |
|---|---|---|---|---|
| Feb 2020 (990) | $6M | $3.8M | $553,017 | $2.6M |
| Feb 2021 (990) | $6.6M | $3.8M | $729,218 | $3.5M |
| Feb 2022 (990) | $8.6M | $5.5M | $2.4M | $4.6M |
| Feb 2023 (990) | $11.7M | $5.4M | $938,619 | $8.2M |
Total assets grew 95% from Feb 2020 to Feb 2023; notes and loans receivable rose 220%. 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 | $11.7M | Larger than 43% of the 449 other certified loan funds and venture funds nationwide with a matched Form 990 (median $15.6M). |
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, nationwide | 449 | larger than 43% |
“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 Providence and Rhode Island
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