Competitive Rates

Shop around – you’ll find that our annual interest rates available to Veterans are comparable, if not better, than other alternative lending institutions that offer small business loans.

Our Mission is You

As a non-profit organization, we exist to support small business owners like you – Veterans, and those with the drive and determination to make a change for the better.

Say “No” to Payday Lenders

Payday lenders are a blight on this country. Their predatory practices take advantage of individuals and small companies who feel they have no other option for quick, impactful capital. As a Veteran-led business, you do have another option: VEDC.

“I approached CBOF for funding of growth capital,” Grant says, “[but] CBOF gave us the capital that allowed us to look forward to the next level in the future of Parts and Labor. I am convinced our current sales growth of well over 35% would not have been possible without VEDC-CBOF funding.” - Russ Grant, Parts & Labor, Chicago, IL

Become Our Next Success Story

In 2013, Russ Grant decided to use his 50 years of bar and restaurant industry experience to take a leap of faith: he opened the bar and grill Parts and Labor in Chicago’s vibrant Logan Square neighborhood. Parts and Labor is now a hotspot popular for its burgers, fried Twinkies, other foods produced and purchased locally.

Thanks to a $250,000 loan through VEDC-CBOF, Russ was able to refinance hundreds of thousands of dollars in previous debt, and retain 40 jobs, improve cash flow, and even launch a full tap-beer system featuring 15 beers, kept cold in a brand new walk-in cooler, also purchased with the VEDC-CBOF funding.


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Our Partners

VEDC works with banks and other non-profit organizations to offer our clients the best borrowing options to help their business grow.
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