Economic Development Match Loans
EDM loans help small businesses with funding of up to $50,000 for the purchase of equipment, supplies, inventory, leasehold improvements, and working capital.
- Interest rate - minimum 8.0%
- Flexible repayment terms
- 2% origination fee due at closing
- $15 application fee
Requirements: The business must have 10 or fewer employees. You must complete a loan application for loan committee review. Other industry criteria must be met to qualify for this loan.