Small Business Loans
ECDI is your resource for affordable loans and entrepreneur support
Too many entrepreneurs face hurdles in gaining access to business capital.
It's our job to change that.
As the nation’s #1 SBA microlender, we provide responsible, affordable small business loans through SBA and other funding sources. We invest in people — not just numbers — so every entrepreneur has the opportunity to build their dream.
Whether you’re just turning an idea into a business plan or you’re an established business ready to open a new location, we combine accessible lending with the training, advising, and resources you need to succeed.
Ready to get started?
Tell us about your business and goals, and we’ll help you explore your funding options:
If you inquire about a loan, you'll be directed to an info session to learn more about ECDI and our loan process. There is no credit check until you fill out a formal application after having a conversation with an Relationship Manager (RM).
Various loans and programs of interest
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ECDI Small Business Loan Basics
Loan Sizes
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Average loan size: $21,000
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Early-stage businesses: Up to $30,000 for working capital
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Businesses with 1+ year of operation: Up to $50,000 for growth opportunities in 2025
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Additional financing may be available for larger projects
Outside of ECDI's ability to lend are nonprofits, real estate acquisitions and individuals or businesses that have defaulted on a federal loan or have been convicted of certain financial crimes.
Loan Terms & Conditions
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Flexible repayment periods — up to 120 months
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Interest rates comparable to market and SBA averages
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Maximum 5% closing cost
Loan Uses
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Working capital
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Equipment
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Inventory
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Construction
How to Apply
Step 1: Submit a Loan Inquiry
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Submit a loan inquiry so we can learn about your business and funding needs.
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A Relationship Manager (RM) will contact you and discuss your capital need, determine eligibility and send you an application.
Step 2: Attend an Info Session
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It is highly recommended all new applicants attend an ECDI Virtual Orientation Session before submitting their application. You can sign up for one of these when you inquire about a loan.
Step 3: Provide Your Business Plan
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A business plan is required as part of the application process. Your plan should demonstrate how you will repay the loan.
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If you need help creating or refining your plan, you can meet with an ECDI adviser free of charge — but this must be completed before you submit your application.
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Submitting an application without a business plan may cause delays and could require another credit check if the process extends beyond 90 days.
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If your business has been operating successfully for 2+ years, this requirement may be waived.
Step 4: Complete Your Application
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There is a $25 application fee for each applicant.
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All business partners with 20% or more ownership must complete their own application.
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Use our [application checklist →] to gather your documents.
Step 5: Meet Loan Requirements
To be approved for funding, you’ll need to:
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Sign a personal guarantee
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Meet collateral or equity injection requirements
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Provide ongoing reports on your business and any jobs created
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Complete any required training
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Provide a voided business check in your company’s name
Step 6: Receive Your Funding & Support
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Once your loan is closed, this is just the beginning. You’ll be able to receive ongoing support from ECDI through training, coaching and resources. All free or at a very low cost.
Let's get the ball rolling! Click to get started:
