ECIDA - Erie County Industrial Development Agency: Loan Qualifier Quiz

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ECIDA Loan Information and Qualifier Quiz

The ECIDA offers many loan programs aimed at stimulating local business growth. Each program has different qualifying rules and rates.

Our main loan programs are:

Loan Program	Amount	Max. Term	Est. Rate
Micro Loan	$5,000-35,000	6 years	6.875%
Business Development Fund (BDF)	$15,000-100,000	7 years	3.750%
50/50 Minority, Women and Start-up	$25,000-500,000	10 years	6.250%
Regional Development Corporation	$25,000-750,000	15 years	5.000%
SBA 504 Fixed Asset Loan	$50,000-1,000,000	10 years	6.778%
SBA 504 Fixed Asset Loan	$50,000-1,000,000	20 years	6.752%

The ECIDA Micro Loan program lends up to 100% of the borrowers needs. All other ECIDA loan programs are teamed with other financing sources. Loans of $350,000 or larger will have a floating rate tied to the Prime. We will lend up to 50% of a borrower's project costs. Interested in learning more?

Take the quick quiz below and we'll give you a preliminary estimate of your loan eligibility, and the applicable payments and fees.

For detailed information on a specific loan program, click on the link:

Basic Loan Application Requirements are also available.


Loan Qualifier Quiz

We partner with other lenders. Therefore, most of our loans will not cover all the expenses of a project. Estimate the total cost of your project.
	Enter amount:
How much money are you interested in borrowing from the ECIDA?
	Enter amount:
What type of business are you in?
	Manufacturing Retail Services
What will you use the money for?
	Business acquisition Equipment Purchase real estate Rehab real estate Working capital
Is your business any of the following: (check all that apply)
	Minority owned Women owned Start-up less than two years old
How many people does your company employ?

Tell us where your business or project is located: