With a variety of loan programs to choose from, VEDC has a product to fit your needs.
National Microfinance Fund
VEDC’s National Microfinance Fund was designed to not only support the efforts of microloan organizations in markets VEDC currently serves, but to also improve the economic impact of nonprofit, mission driven lenders across the county. VEDC recognizes the lack of readily accessible capital of these community micro-lenders and the difficulty in providing the much needed resources for small businesses to thrive in their regions, and has created a program to serve as a national intermediary lender to bring the necessary access to capital to microlenders across the nation.
SBA Community Advantage Loan Program
VEDC is approved by the U.S. Small Business Administration as one of the few community-based, mission-focused lenders to accept and process Community Advantage loan applications from small business borrowers. The SBA Community Advantage program is designed to expand access to lower dollar loans and lending in traditionally underserved communities. The SBA and U.S. Department of Commerce studies have shown the vital impact of small loan amounts to small businesses in promoting economic growth in the most challenged markets.
Community Advantage offers a streamlined application process for SBA-guaranteed 7(a) loans up to $250,000. Advantage loans will come with a SBA 7(a) government guarantee, 85% for loans up to $150,000 and 75% for those greater than $150,000.
Tue 22Aug 22 | 5:30 pm - 7:00 pm PDT18645 Sherman Way #114Reseda CAWed 23Aug 23 | 11:00 am - 12:30 pm PDT18645 Sherman Way #114Reseda CAWed 23Aug 23 | 5:30 pm - 7:30 pm PDT18645 Sherman Way #114Reseda CAThu 24Aug 24 | 5:30 pm - 7:30 pm PDT18645 Sherman Way #114Reseda CASat 26Aug 26 | 9:30 am - 11:00 am PDT18645 Sherman Way #114Reseda CAMon 28Aug 28 | 6:00 pm - 8:00 pm PDT18645 Sherman Way #114Reseda CATue 29Aug 29 | 5:00 pm - 7:00 pm PDT18645 Sherman Way #114Reseda CATue 29Aug 29 | 5:00 pm - 7:00 pm PDT13420 Van Nuys Blvd. Suite 121Pacoima CATue 29Aug 29 | 5:00 pm - 7:00 pm PDT13420 Van Nuys Blvd. Suite 121 Suite 121Pacoima CAThu 31Aug 31 | 5:30 pm - 7:30 pm PDT18645 Sherman Way #114Reseda CA