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



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

Note that the following are critical factors affecting the loan decision:

Business area in DC, MD, or VA

Good credit history

Collateral should match the loan amount.

Discover The Future

Providing affordable financial lending programs to the low-to moderate income consumers to start or expand a business.