Enterprise Development Fund
Mission: To provide equitable growth and opportunities for underserved populations by investing capital and growing businesses and improving communities.
We Are A Mission-Driven Financial Lender That Takes A Market-Based Approach
We support small business and entrepreneurs with impactful investing, recognizing that access to capital is often challenging. Our lending is directly tied to our mission – to improve lives and create opportunities by investing in businesses and developing healthy, vibrant neighborhoods.
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.
• Diverse Erie Small Business Loan Program:
The Diverse Erie Small Business Loan Program supports the equitable growth of BIPOC owned businesses through access to capital and support services. Loans from a minimum amount of $15,000 up to $250,000 for qualifying applicants.
