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African Economic Development Solutions
African Economic Development Solutions
Amount
Varies
Deadline
Rolling
Odds
Not published
Effort
1 to 2 hrs
Can you get this?
✓Serves African immigrant entrepreneurs
✓For businesses seeking loans and support
✓Located in St. Paul, Minnesota area
Your real odds
AEDS deployed $2.07M in loans across 1,052 clients in 2024, so volume is steady but each approval turns on your individual borrower profile.
The organization has run since 2008 with a defined community focus, and rolling applications mean you are not competing against a fixed cohort, though loan amounts are assessed case by case.
What it takes
Submit a loan application online1 to 2 hrs
Engage with financial counseling if needed
Await underwriting decision
Worth knowing
AEDS pairs lending with a Culturally Intelligent Business Program for aspiring entrepreneurs, and completing that program before you apply signals both readiness and commitment to the reviewers who decide your loan.
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$19/month · cancel anytime