Loan Products2018-07-12T17:02:49+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

Fund Uses

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

Small Business Loan Terms

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 & Pricing

Fees

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

Loan Rates

Rates

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

VEDC Loan Programs

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
Sign up for the newsletter
Get news from VEDC and the small business network delivered directly to your inbox.
By registering you accept the Terms and Privacy Policy.
Register
Sign up for the newsletter
Get news from VEDC and the small business network delivered directly to your inbox.
Register
By registering you accept the Terms and Privacy Policy.