Loan Products 2018-03-24T12:05:09+00:00

Loan Products

Microenterprise Loan

$500 - $2,500
  • 6-24 months
  • As low as 8.5% interest rate
  • $25-$50 origination fee

Standard Business Loan

$50,000 - $500,000
  • 6-60 months
  • As low as 8% interest rate
  • 2% – 3% origination fee

VEDC Microloan

$2,500 - $50,000
  • 6-60 months
  • As low as 7.75% interest rate
  • 3% – 5% origination fee
$0
Direct and Guaranteed Loans
0+
Businesses Supported
0+
Jobs Created and Sustained

Fund Uses

Business acquisition, expansion, working capital, inventory, equipment, furniture, and fixtures, owner-occupied commercial real estate, tenant improvements, refinancing of existing debt

Terms

Repayment terms will vary based on purpose, and range from 12-60 months. Up to 6-month interest-only phases available depending on fund uses.

Fees

Loan origination fees: 2-3%, plus out-of-pocket costs

Rates

Fixed and variable interest rates starting as low as 7.75% for microloans and small business lending.

Get Working Capital for Your Business

Discover how community-minded lending is changing the small business industry. Apply for a VEDC loan today and join our community.

Apply Now