Community Economic Development Fund

Business Loans

Our lending team will design the best possible solution to meet your specific business needs.

CEDF provides term loans up to $250,000, owner-occupied commercial real estate loans up to $500,000, and lines of credit up to $250,000. We understand that the needs of each business are different and unique. Our goal is to help structure the best funding solution for your business.

We lend to businesses in a multitude of different industries including, but not limited to manufacturers, retailers, restaurants, daycare providers, landscape companies, bakeries, self-defense studios and auto repair shops.  

We work especially with business owners who:

  • Have low credit scores
  • Have limited collateral
  • Have been turned down by a bank
  • Are otherwise not qualified for a bank loan

Which loan is right for me?

  Purpose Amount Rate Term Structure
Commercial Real Estate Loan Purchase of owner occupied commercial real estate property Up to $500,000 Fixed Up to 20 years Monthly payment of principal and interest. Cannot revolve, no balloon or call provisions. No prepayment penalty.
Line of Credit Seasonal or cyclical operating cash flow needs $5,000 up to $250,000 Variable Short-term financing; one year renewable Monthly payment of interest only, only on the amount outstanding. The line revolves as you use it and repay it.  No prepayment penalty.

Why apply to CEDF for a loan?

  • No application or processing fees.*
  • Repayment terms up to 10 years.
  • No prepayment penalties.
  • Receive the benefit of a CEDF Business Advisor.
  • Receive the benefit of workshops and seminars designed specifically for business owners.
  • At CEDF, you are never alone or just a loan. We build long term relationships with our business clients.

*Once a loan is approved, you may be charged a 1% commitment fee.

Are You Eligible To Apply for A CEDF Loan?

Fill out a Loan Inquiry & Application form to get started.

Not sure which loan or educational service meets your need?

Please give us a call toll-free at 888-835-2333 or contact us online