Working Capital Loans

For those expenses that aren't covered by your PPP loan

PPP loans can be used to help fund payroll costs, COVID-19 related expenses, uninsured property damage costs and other operating expenses. (View full list of covered expenses.)

If your company needs working capital to cover costs outside of your allowable PPP expenses, we are offering a non-forgivable Working Capital loan.

View Working Capital Loan details and terms.

Maximize PPP. And get back to business.

The goal of this loan is to make sure you’re in the best position to meet all forgiveness requirements of your PPP loan by providing assistance for you to manage other business goals.

Our advisors can help you refine your business plan to assure you’re set up for maximum success. Contact us to discuss whether this loan is right for you (with no obligation or cost).

<< Back to PPP loan page

If you'd like to apply for the Working Capital loan, please begin by indicating your PPP status.

Select the "I HAVE" option only if you applied for PPP through ECDI.

If you have applied for PPP through a lender who IS NOT ECDI or HAVE NOT applied, select the "I HAVE NOT" option.

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Working Capital Loans

Details

For your business needs that aren't covered by PPP, the Working Capital Loan provides the funding you need to continue moving forward.

Terms and requirements

  • Borrowers may request up to $20,000

  • Maximum interest rate will be 6%

  • Maximum term length will be 66 months

  • Borrower must meet ECDI microloan eligibility and credit review requirements

Begin the application process by selecting an option below:

 

If you'd like to apply for the Working Capital loan, please begin by indicating your PPP status.

Select the "I HAVE" option only if you applied for PPP through ECDI.

If you have applied for PPP through a lender who IS NOT ECDI or HAVE NOT applied, select the "I HAVE NOT" option.

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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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