Enterprise Development Fund
Mission: To assist in the region’s economic development strategy by providing credit, capital, and technical support to create and retain jobs for underserved populations.
We Are A Mission-Driven Financial Lender That Takes A Market-Based Approach
We support small businesses and entrepreneurs that are less likely to have access to traditional lenders.
What Is A Certified CDFI?
We are proud to be the only Erie County based certified Community Development Financial Institution (CDFI).
Community Development Financial Institutions (CDFIs) are private financial institutions, backed by the U.S. Department of the Treasury, that are dedicated to responsible, affordable lending to help low-income, low-wealth and other disadvantaged, underserved people and communities.
Our Programs
• Small Business Loans:
Loans up to $500,000 for qualifying individuals who have established businesses and need capital to grow.
• USDA Small Business Loans:
Loans up to $250,000 for businesses located in targeted rural areas.
• Diversity Loan Program:
Targeted to minorities and women entrepreneurs and small business owners, this program provides competitive financing. Loans from $10,000 to $50,000.
Board of Directors:
Terry Holmes
Board Chair,
Gannon University
Charles Barber
Vice-Chair,
Erie County Care Management
William McAndrew
Secretary,
Gannon University
Sarah Giambanco
Treasurer,
Marquette Savings & Loan
Sherry Bauer
SBRE Realty
David Brennan
Bostwick Design
Jennifer Hoffman
City of Erie
James Sparber
County of Erie
Kyra Taylor
Erie’s Black Wallstreet
Karen Thomas
Pineapple Eddie’s