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.
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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.
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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.
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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
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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.
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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.
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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.
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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.​​
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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
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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.
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​​Let's get the ball rolling! Click to get started:
