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.

Certified CDFI Logo

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 Micro-Loan Program:

Targeted to minorities and women entrepreneurs and small business owners, this program provides competitive financing. Loans from $5,000 to $35,000.

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

Beth Zimmer

Innovation Collaborative

Contact Us

Po Box 3001
Erie, PA 16508