About Enterprise Development Group
The Enterprise Development Group (or EDG) was established in 2001 as a non-profit micro lender, certified as both a Community Development Finance Institution and a Small Business Administration (SBA) intermediary lender. As a community based organization, we prioritize underserved communities – including women, minorities, immigrants and low to moderate income people – to access business financing they may not be able to get elsewhere.
Micro lenders are different from traditional lenders in several ways:
- We’re typically more flexible with when it comes to credit problems and collateral
- We make smaller loans than most traditional lenders will.
- We have higher approval rates for loan applications than traditional lenders
- We try to look at the broader aspects of your business, rather than just your credit score
- We can provide you with small business support services.
At Enterprise Development Group, we provide several loan products:
- Small business loans from $500 to $50,000 for both established businesses and startups.
- Credit builder loans for clients who do not qualify for a small business loan because of credit problems.
- Used car loans – so you no longer have to take public transportation to get to work.
In addition to these loan products, we also provide:
- Business development skills training and business coaching
- Tax assistance programs
Enterprise Development Group has an office in Arlington, Virginia and Baltimore, Maryland and serves the greater Washington, DC and Baltimore metro areas.