The Capital Good Fund

Within weeks of COVID-19 reaching the level of a pandemic in the United States, we built on our eleven years of experience in designing and offering small-dollar consumer loans and launched our response: the Crisis Relief Loan (“CRL”). CRLs can be used for a variety of urgent needs, including covering rent or utilities, buying nutritious food, paying bills, and other critical expenses.

This program has several unique consumer-first features that are tailored to meet the need: loan amounts range from $300 - $1,500; have a fixed APR of just 5%; a 15-month term which includes a 3-month deferment period; underwriting based on pre-crisis income; and expedited application review. Similar to all of our loan programs, the CRL features no application, closing, or prepayment penalty or fees; payments are reported to the three main credit bureaus; and it is unsecured.

Impact Loans are designed as an alternative to high triple-digit APR predatory loans, especially payday loans. Impact Loans range from $300 - $1,500; have an APR of 12% (fixed); and feature a 15-month repayment term. They have no application, closing, prepayment or late penalties or fees.

As with all of our loans, Impact Loans are unsecured; have no minimum income or FICO score requirement; and are available to families regardless of immigration status. Clients may use the Impact Loan for paying off high-interest debt, vehicle repair, security deposits, technology purchases, rent or utilities, medical and dental expenses, school supplies, and more.

Thanks to our low APR and lack of closing costs or other hidden fees, Impact Loans are one of the few affordable options for families facing barriers that make accessing mainstream financial services difficult.

Designed for moderate- to middle-income homeowners with less-than-perfect credit, DoubleGreen Loans are interest and deposit-free loans to cover the cost of measures that make homes more energy-efficient and safe. DoubleGreen Loans range from $500-$25,000 and feature a 0% APR, no closing costs or other hidden fees. Homeowners repay their loans over a 2-7 year period. Loans can be used for a variety of energy-efficiency upgrades, including wall insulation, replacing windows, duct sealing, removal of knob-and-tube wiring, and purchasing high-efficiency heating and cooling equipment. We partner with National Grid in Rhode Island and Massachusetts to offer these loans. We also partner with Eversource Energy, Liberty Utilities, and Unitil in Massachusetts.

DoubleGreen Loans help Rhode Island and Massachusetts homeowners save on utility bills, increase their property values, reduce greenhouse gas emissions, and most importantly, provide their families with healthier home environments.

Similar to DoubleGreen Loans, DoubleGreen PLUS Loans are for moderate- to middle-income homeowners with less-than-perfect credit to cover the cost of measures that make homes more energy-efficient and safe. DoubleGreen Plus Loans offer higher loan amounts for significant weatherization upgrades: ranging from $25,001 - $50,000, these loans feature a 0% APR and are repaid over a 7-year repayment period. Exclusive to Massachusetts homeowners, DoubleGreen Plus Loans can be used for a variety of energy-efficiency upgrades, including wall insulation, replacing windows, duct sealing, removal of knob-and-tube wiring, and purchasing high-efficiency heating and cooling equipment. Our partners in providing these loans included National Grid, Eversource Energy, Liberty Utilities, and Unitil.

Immigration Loans range from $3,001 - $20,000 with terms of 2 - 4 years and have a fixed APR between 12% - 15.99% for borrowers in Rhode Island, Delaware, Florida, Illinois, and Texas. Immigration Loans can be used for any of the expenses associated with immigration cases or adjustments of status, including citizenship or visa application fees, attorney fees, travel expenses for bringing family to the United States, biometric testing, and other critical expenses. These loans are of particular benefit to immigrants who are ineligible for application fee waivers or financial assistance from other organizations.

This program addresses the significant need for affordable, credit-building loans for immigrants who need to pay for expenses necessary for establishing themselves as lawful permanent residents or US Citizens-- statuses that yield a multitude of new rights, such as eligibility for federal employment, federal grants and scholarships, and other federal public benefits.

These Immigration Loans in range from $3,001 - $20,000 with terms of 2 - 4 years. Thanks to funding from our generous partners, we are able to offer Immigration Loans in Massachusetts and Colorado at a special promotional rate of 12% APR (fixed). Immigration Loans can be used for any of the expenses associated with immigration cases or adjustments of status, including citizenship or visa application fees, attorney fees, travel expenses for bringing family to the United States, biometric testing, and other critical expenses. These loans are of particular benefit to immigrants who are ineligible for application fee waivers or financial assistance from other organizations.

This program addresses the significant need for affordable, credit-building loans for immigrants who need to pay for expenses necessary for establishing themselves as lawful permanent residents or US Citizens-- statuses that yield a multitude of new rights, such as eligibility for federal employment, grants and more.

Impact PLUS Loans are designed as an alternative to high triple-digit APR predatory loans, especially payday loans. Designed for larger expenses, Impact PLUS Loans range from $1,501 - $3,500 and, thanks to generous grant funding, carry an APR of just 12% (fixed). Impact PLUS features loan terms of 24-36 months; they have no application, closing, prepayment or late penalties or fees. As with all of our loans, Impact PLUS Loans are unsecured; have no minimum income or FICO score requirement; and are available to families regardless of immigration status.

Thanks to a growing network of solar energy partners, Capital Good Fund offers DoubleGreen Solar Loans that range from $500 - $80,000 with terms of 10, 15, 20, or 25 years and 3.49% - 6.99% APR (fixed). As with all of our programs, DoubleGreen Solar Loans feature no application, closing, or prepayment penalties or fees. Client payments are reported to the main credit bureaus, and there is no income or FICO score requirement to qualify. Our program serves all families, with a focus on moderate-to-middle income homeowners and minority communities. DoubleGreen Solar Loans enable these families to make crucial clean and renewable energy upgrades to their homes that reduce their carbon footprint and minimize the need for fossil fuels; see a reduction in electricity bills; increase property values; and become eligible for both state and federal rebates and tax credits.