Need Funding For Your Start-up or Small Business?

Loans up to $350,000 to start or expand your business

 Loans can be used for: 

  • Inventory
  • Working Capital
  • Equipment

Eligibility Requirements:

  • Must be for-profit business
  • Must demonstrate ability to repay the loan
  • Subject to ECDI loan approval and credit policy                                                                                            

Loan Terms

  • Maximum loan amount is $350,000
  • Maximum loan term is 5 years / 60 months
  • Payment due by ACH
  • Closing fees: 5% of loan amount
  • Funds may be disbursed at multiple closings
  • No prepayment penalty

Application Process

  • Complete and turn in general application
  • $50 application fee applies to each loan request
  • Attend required training
  • Develop effective business plan
  • Complete loan application and provide backup documentation