As of today, our loans to small businesses:
Join Our Mailing List
UCEDC is committed to helping small businesses get the financing they need when conventional sources are not available. We know it's challenging to get a loan when you're just starting out, or when you need a modest amount of additional capital.
To help you prepare the best possible application, we’ve outlined a four-step process. Please follow each step before submitting a Pre-Qualification Application or Loan Application.
Review the following questions. If you answer NO to any of the following, we will not be able to accept your application:
If you’ve answered Yes to all of the above, you’re ready to move on to the preparation stage.
We've made our loan application process as simple and straightforward as possible, but you'll still have a fair amount of preparation and document-gathering to undergo in order to submit a complete application.
Here’s a checklist of documents and information you’ll need to provide along with your application:
The Business Plan is an essential element in our consideration of applications from start-up businesses. It's the best way for us to get a deeper understanding of your business and to assess its financial viability.
Don’t be intimidated by the prospect of writing a business plan – it doesn’t have to be long or complex or have fancy graphics. We’re just looking for evidence that you’ve thought through how your business is going to operate and make a profit. Common elements of a business plan include descriptions of your business, the marketplace you're entering and the competition you'll encounter; how you'll organize your business; and financial projections.
The US Small Business Administration (SBA) has an excellent discussion about Business Plans and how to write them at its website. UCEDC offers workshops on business plan development throughout the year - you can find the schedule on our Events page. And we encourage you to take advantage of the free personal counseling you can get to help you develop your business plan from these organizations:
While not required, a business plan from an existing operation is a very welcome addition to any loan application. The more information we have about your business and your plan to have it grow and thrive, the easier it is for us to assess your financial viability.
You’ve made it through our initial screening questions, assembled your supporting documents and information, and developed a business plan, if appropriate.
You’re ready to submit our simple Prequalification Application form. Our loan officers will review your form and contact you for further information and/or to ask you to complete a formal loan application.