MoFi

What MoFi does

MoFi is a nonprofit Community Development Financial Institution (CDFI) operating under the legal name Montana Community Development Corporation. Founded in 1986 and headquartered in Missoula, Montana, the organization provides financing and free business consulting to underserved entrepreneurs, small business owners, home buyers, and developers across six Western states — Montana, Idaho, Wyoming, Utah, Washington, and Oregon — through offices in Missoula, Bozeman, Boise, and Salt Lake City. It became one of the first CDFIs certified by the U.S. Treasury in 1996 and rebranded to the MoFi name in 2025, marking 40 years of community capital deployment.

MoFi operates three core product lines. The primary offering is a small business lending program providing loans from $1,000 to $1.5 million as term loans or lines of credit, paired with free business consulting (accounting, marketing, legal services) and structured around a 36-month borrower graduation model that returns clients to mainstream banks as bankable customers. The second offering is New Markets Tax Credit (NMTC) financing for projects over $5 million in qualifying low-income census tracts, where 18-23% of project costs can be delivered as very low-interest, potentially forgivable loans — a federal tax credit allocation that MoFi received at $85 million in January 2026. The third product line is HomeNow, encompassing down payment assistance, home repair loans, and Resident Owned Community loans.

The business model is mission-driven nonprofit lending rather than profit-maximizing. Primary customer acquisition flows through bank referrals, where mainstream lenders route rejected applicants to MoFi for credit-building support. Revenue (interest income, fees, and ancillary grants) is reinvested into lending operations and consulting services. The company deploys its CDFI-certified status and federal NMTC allocations to deliver capital at favorable terms that traditional banks cannot match.

Name

MoFi

Legal name

Montana Community Development Corporation

Website

https://mofi.org

Company type

Private

Founded year

1986

Operating status

Operating

Headcount range

11–50 employees

Short description

MoFi is a nonprofit Community Development Financial Institution providing small business loans ($1,000–$1,500,000), New Markets Tax Credit financing, and affordable housing solutions to underserved entrepreneurs and communities across Montana, Idaho, Wyoming, Utah, Washington, and Oregon.

Ownership category

akta.pro rank

Headquarters

HQ city

Missoula

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Small Business Lending: MoFi provides loans to disadvantaged entrepreneurs and small business owners who lack assets, income, experience, or credit history to qualify for bank financing. Loans range from $1,000 to $1,500,000 as term loans or lines of credit.
2. New Markets Tax Credit Program: MoFi receives NMTC allocations from the U.S. Treasury's CDFI Fund, which it deploys to finance manufacturers, health service facilities, and other businesses in underserved communities. The program provides capital at favorable terms with potential loan forgiveness.
3. Down Payment Assistance: MoFi provides down payment assistance for home buyers through its HomeNow program, home repair loans, and Resident Owned Community (ROC) loans.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

MoFi is a nonprofit Community Development Financial Institution (CDFI) that provides loans to underserved borrowers who cannot qualify for traditional bank financing. Its core offerings include small business loans ranging from $1,000 to $1,500,000 (term loans or lines of credit) paired with free business consulting, New Markets Tax Credit financing for large-scale catalytic development projects, and down payment assistance through its HomeNow program. MoFi operates across Montana, Idaho, Wyoming, Utah, Washington, and Oregon.

Product overview

MoFi is a nonprofit community development financial institution (CDFI) offering a portfolio of three distinct lending products. The core offering is the Small Business Loan program (ranging from $1,000 to $1,500,000), paired with free business consulting services. MoFi also operates a New Markets Tax Credit (NMTC) Financing program for large-scale catalytic development projects in qualifying census tracts, offering 18-23% of project financing at very low interest with potential forgiveness. The third offering is HomeNow Down Payment Assistance, covering home buyer down payments, home repair loans, and Resident Owned Community (ROC) loans. All three products serve disadvantaged entrepreneurs and communities across the Northern Rockies.

Differentiator

Problem solved

Functional benefit

Products and services

• Small Business Loans Loans ranging from $1,000 to $1,500,000 for starting, growing, or purchasing a business. Available as term loans or lines of credit, structured as equity gap financing for borrowers who lack the assets, income, experience, or credit history to qualify for bank financing. Each loan is paired with free, comprehensive business training to help clients become bankable within approximately 36 months.
• New Markets Tax Credit (NMTC) Financing Tax credit-enhanced financing for large-scale investment projects in qualifying census tracts or areas serving low-income populations. Projects over $5 million in total costs can receive 18-23% of financing as a very low interest loan that can ultimately be forgiven. Suitable for health care, manufacturing, mixed-use, community facilities, commercial developments, and hospitality projects.
• HomeNow Down Payment Assistance Affordable housing solution providing down payment assistance for home buyers, alongside home repair loans and Resident Owned Community (ROC) loans. Designed to help individuals overcome down payment barriers to homeownership.
• Free Business Consulting Services Complimentary business consulting offered alongside every MoFi loan, covering accounting, marketing, legal services, and other advisory support to help borrowers build successful businesses and achieve financial sustainability.

Quantifiable outcome

• Most loan recipients become bankable within 36 months
• +1 more outcomes

Named customers5 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators5 records

Recent moves9 records

Expansion highlights6 records

Direct peers

• Opportunity Fund (Accion): National nonprofit CDFI providing small business loans to underserved entrepreneurs, with a similar mission of helping borrowers build credit and become bankable. Most comparable to MoFi in target customer and core lending product.
• DreamSpring: Nonprofit CDFI providing small business loans and capital to underserved entrepreneurs across the Western and Southern U.S., closely matching MoFi's target borrower profile and loan size range.
• LiftFund: Nonprofit CDFI focused on small business lending to minority and underserved entrepreneurs, with a similar model of pairing capital with technical assistance—directly comparable to MoFi's consulting-plus-loan approach.
• Mountain BizWorks: Regional nonprofit CDFI serving small businesses in Western North Carolina with lending paired with consulting and incubation services—comparable to MoFi in regional rural focus and integrated business support.
• Pacific Community Ventures: Nonprofit CDFI providing capital, coaching, and connections to small businesses in underserved communities, with a similar mission-driven lending-plus-advisory model to MoFi.
• Coastal Enterprises Inc (CEI): Maine-based nonprofit CDFI offering small business loans, NMTC financing, and consulting to underserved communities—closely comparable to MoFi in product mix (SBL + NMTC + advisory).
• CDC Small Business Finance: California-based nonprofit CDFI providing small business loans and SBA 504 financing to underserved entrepreneurs, with a comparable mission and small-business lending focus to MoFi.

Broad incumbents

• Clearinghouse CDFI: One of the largest CDFIs in the U.S., providing small business, commercial real estate, and NMTC financing across multiple states—broader scale and product set than MoFi, but operates in the same CDFI category.
• Capital Impact Partners: National nonprofit CDFI and loan fund providing capital and services to underserved communities with a wider product range and national footprint—broader incumbent comparable to MoFi's mission.

Regional players

• Glacier Bancorp: Regional bank holding company operating across the Mountain West including Montana and Idaho, serving as both a community banking peer and a potential referral source into MoFi's pipeline.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/hellomofi

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Subsidiaries1 record

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about MoFi