UCEDC - Business Financing
UCEDC offers financing to fit a variety of business needs.From a microloan for a start-up venture to gap financing for an established company, UCEDC provides access to capital that may not be available elsewhere.
Microloans
UCEDC's Microloan Program provides short-term loans from $500 to $35,000 to both new and existing businesses. Interest rates range up to 10.25% (depending on the length of business operations), and you can use your loan for purchasing equipment, fixtures or inventory, working capital or making renovations on privately-owned real estate.
Business Growth Fund loans
UCEDC's Business Growth Fund supports growing businesses in need of a mid-sized loan or gap financing as part of a larger loan package with other lenders. Loans range from $5,000 to $150,000, and can be used for expanding or renovating commercial real estate, improving façades, abating code violations, or working capital.
Business Growth Fund en espanol
Childcare loans
UCEDC's 'First Steps' childcare loan program provides short term loans to both home and center-based childcare programs, including centers operated by non-profit organizations. Funding is available for both start-up and existing centers.
First Steps Childcare Information en espanol
Debt Refinance loans
The Debt Refinancing Loan program allows business owners to refinance existing business-related debt up to $20,000 at a fixed interest rate. Loans can be used to refinance existing credit card debt, purchase existing equipment leases, or repay personal loans used for business expenses.
Loan packaging assistance
There are several government and private sector financing programs that support business expansion; UCEDC can assist with determining which lending sources may best suit your company's particular needs.
