In a Nutshell
Capital Good Fund is a nonprofit organization that offers small loans and financial coaching to people in need. Its loans are available in six states. If eligible, people with less-than-perfect credit can apply for loans that can help cover crises or immigration-related costs. In some states, there are also general personal loans, weatherization loans and financial coaching options.Who is a Capital Good Fund loan good for?
If you live in an eligible state, have so-so credit, and need a little help to cover an emergency cost or even your daily living expenses, a Capital Good Fund loan is worth considering.
If you don’t live in one of the states where Capital Good Fund offers loans, you may want to consider a payday alternative loan from a federal credit union instead.
*Approval Odds are not a guarantee of approval. Credit Karma determines Approval Odds by comparing your credit profile to other Credit Karma members who were approved for the personal loan, or whether you meet certain criteria determined by the lender. Of course, there’s no such thing as a sure thing, but knowing your Approval Odds may help you narrow down your choices. For example, you may not be approved because you don’t meet the lender’s “ability to pay standard” after they verify your income and employment; or, you already have the maximum number of accounts with that specific lender.