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ECDC Enterprise Development Group
ECDC Enterprise Development Group
Amount
Varies
Deadline
Rolling
Odds
Not published
Effort
1 to 2 days
Can you get this?
✓Small business or startup in Virginia
✓Must meet credit and business viability criteria
✓Open to all industries
✓Not confirmed against the funder's page. Check before you apply.
Your real odds
No public data exists on approval rates or the number of loans awarded, so competitiveness is unclear.
As a CDFI, this funder weighs standard credit and business viability criteria, and its own content points to the Five C's of Credit as the framework lenders apply.
What it takes
Review the Five C's of Credit1 to 2 days
Contact ECDC to learn loan products1 week
Prepare financials and business plan1 to 2 weeks
Worth knowing
ECDC's blog names the Five C's of Credit as the core of lending decisions, so working through your standing on each of those factors before you reach out will sharpen your application.
What else do you qualify for?
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