Community Economic Development Fund

Women and Minority Loan Guarantee Program

Ricardo Vidal, Director of Lending

CEDF can access a special loan guarantee in conjunction with the Department of Economic and Community Development (DECD) to help women- and minority-owned businesses obtain flexible financing. A guarantee is not a type of loan but a way for CEDF to obtain more security which can help eligible borrowers who might not otherwise qualify for financing. This program is for start-up businesses as well as existing businesses planning to expand. CEDF provides the loan and the Department of Economic and Community Development provides up to a 30% guarantee. This guarantee is particularly helpful to start-up businesses that lack sufficient collateral or have lower credit scores.

Loan Eligibility Requirements ›

Other requirements for eligibility:

  • Women- or minority-owned business
  • 50 or fewer employees
  • Loan amount up to $50,000

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