Community Advantage

Are there barriers between you and business capital?

Not anymore.

If you've been turned down for traditional financing, the Community Advantage (CA) program gives you a lenient and affordable financing option.

 

Startups and businesses in "risky" industries, don't worry. We've got you covered. Women, minority entrepreneurs and veterans, we've got your back as well.

If you're ready for an opportunity to succeed, get started by simply clicking this button:

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About Community Advantage Loans

The Basics

The CA program was designed to offer more leniency for entrepreneurs who are underserved by traditional lenders. 

The Details

  • Loan range
    $750 to $250,000

  • SBA guarantee
    The SBA guarantees as much as 85% of loans of $150,000 or less, and as much as 75% of loans of $150,001 and more.

  • Interest rates
    Prime interest rate, plus 6 percent

  • Repayment terms
    Loans may be given for a m
    aximum of 10 years (or the useful life of equipment), maximum 10 years for working capital, and maximum 25 years for real estate

  • Closing Fees
    Borrowers are asked to contribute 5% of the loan total (not to exceed $2,500)

  • Loan can be used for
    Nearly any valid business purpose, including working capital, renovations, equipment, debt refinancing and more. CA loans cannot be used as a revolving line of credit.

The Requirements

Businesses must

  • Be a for-profit business operating in the U.S.

  • Meet the SBA's definition of a small business (typically, fewer than 1,500 employees and less than $38.5 million in annual revenue)

  • Be ineligible for other traditional financing options

  • Invest some of your own time and money into the business

  • Be able to show an ability to repay the loan

  • Not have previously defaulted on any government-guaranteed loan

The Benefits

CA loans

  • Are great for startups, businesses in "risky" industries, and business owners with low to average credit or ones who have been denied traditional financing.

  • Are ideal for women-owned, minority-owned or veteran-owned businesses.

  • Can be used for nearly any valid business purpose

  • Have long repayment terms and low interest rates

Get started by simply clicking this button:

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Support Small Businesses Today

ECDI is one of the top U.S. SBA intermediary microlenders with a mission to invest in people to create measurable and enduring social and economic change. ECDI provides responsible, affordable lending and comprehensive small business development services to help underbanked people and communities join the economic mainstream. ECDI’s target population includes low-moderate income individuals, minorities, women, immigrants, and refugees, and those otherwise precluded from funding from a traditional financial institution.

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