Community Economic Development Fund

Women and Minority Loan Guarantee Program

CEDF provided Jani and Nicole Kufa with an SBA Microloan for working capital for their Tafika Arts shop in Bristol.

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?

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