CEDF Business Line
To offer loans to owner operated small- to medium-sized enterprises and community development corporations unable to secure financing on acceptable terms from conventional sources.
- Communities Economic Development Fund (CEDF)
Overview of the CEDF Business Line program:
Businesses from time to time have the need for short-term financing and need some flexibility to achieve their business goals. A business line of credit can be the solution. A business line of credit can give you extra financial flexibility and peace of mind, Lines continually revolve, You pay interest only on the outstanding balance used.
Benefits of the CEDF Business Line program:
- Receive funds for a short term for:
- Working capital
- Seasonal borrowing
- Inventory purchases and/or to perhaps to take advantage of special discounts from your suppliers
- Gap coverage due to slow collections of your accounts receivable
- Occasionally making payroll
- Paying time-sensitive bills
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