Economic Development Administration Revolving Loan Funds

EDGE & EDGE II (Economically Disadvantaged Grow into Entrepreneurs)

  • Loan amount up to $250,000
  • Requires 10% equity injection towards project cost
  • Fixed interest rate
  • Financing uses
  • Focus on financing needs for working capital or startup costs, fixed assets, machinery/equipment and/or tenant improvements.

MVILF (Mahoning Valley Industrial Loan Fund)

  • Loan amount up to $250,000
  • Requires 10% equity injection towards project cost
  • Fixed interest rate
  • Financing uses
  • Machinery and equipment purchases
  • Inventory purchases
  • Working capital needs
  • Land and building purchases/renovations  – the business must occupy at least 51% of the premises
  • Leasehold improvements.
  • Technology Based Companies
  • Refinance of loans on unreasonable terms

VPRLF (Valley Partners Revolving Loan Fund)

  • Loan amount up to $250,000
  • Requires 10% equity injection towards project cost
  • Fixed interest rate
  • Financing uses
  • Fund will focus on financing needs for working capital or start-up costs, fixed assets, machinery/equipment and/or tenant improvements.
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