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 unique. Our goal is to help structure the best funding solution for your business.
We lend to businesses in a variety of industries including, but not limited to, manufacturers, retail, restaurants, childcare, landscaping, baking and food production, fitness and self-defense studios, and auto repair.
We especially work 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?
|Term Loan||Working capital (including start-ups), inventory, equipment, refinance current debt||$1,000 up to $50,000||Fixed||Up to 6 years||Monthly payment of principal and interest. Cannot revolve, no balloon or call provisions. No prepayment penalty.|
|$5,000 up to $250,000||Fixed||Up to 10 years|
|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 fees.*
- Repayment terms up to 10 years.
- No prepayment penalties.
- Receive the benefit of a CEDF Business Advisor.
- Educational 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.
Fill out a Loan Inquiry to get started. This will permit you to download the full application package and be staged fro contact by a loan officer.