Micro Loans

EDG serves low to moderate income individuals who aspire to be entrepreneurs or are already in business, from all walk of life: including women, people of color, and others with little or no access to finance from the mainstream banking. EDG provides small business loans ranging from $500 to $50,000 to startup small business or expand existing businesses including: trucking, taxi, restaurants, barbershops, hair salons, spa, food suppliers, etc.

Qualifications | Requirements

ID and Green card/Passport
Business Plan and license
Up to 30% Equity Contribution
Good Credit score
Collateral

OUR LOAN PROCESS

TWO STAGES TO YOUR LOAN

1. The first step in the loan process is to check your credit history. For such purpose, you have to fill an application form and submit the form with a copy of your ID.

2. Then you will submit documents required to process the loan including:

Legality: Two IDs
Financial Documents: Bank statement (3 months)
Tax return (most recent 2 years)
Paystub
Business Documents: License, Business formation & ownership, Business plan, Projected cash flow statement, Business valuation (value of the asset to be purchased)
Collateral Valuation: Vehicle value (KBB), Property value (Zillow), Truck value