EDA (Economic Development Administration)

• Asset purchases (land and buildings, machinery, equipment, furniture, fixtures)
• Plant construction, expansion or leasehold improvements (some restrictions apply)
• Inventory
• Working capital and professional fees

EDA Loan Advantages:

• Loan amounts from $25,000 to $250,000
• Fixed, below prime interest rates with five to ten year repayment terms, longer on real estate
• Minimal equity requirements
• Subordinate collateral positions acceptable