Business Loans

The Regional Development Corporation, or RDC, is the lending arm of the ECIDA. The RDC Loan Program enhances the competitiveness of local businesses, promotes local ownership of firms employing local residents, and assists with the formation of new companies, including the technology sector and businesses in designated economic development zones. 


If your business is located in ERIE COUNTY, NY email us your questions about which loan program might best fit your needs, or call one of our business development officers today at 716-856-6525.



The RDC offers three basic types of loans:

Loan Program  Amount  Maximum Term  Estimated Rate 
Small Business Loans $10,000-50,000  6 yrs  4.00% 
Large Business Loans $50,000-$2 million  7 yrs  4.00% 
Innovation Loan Up to $500,000 7 yrs 4.00%


Small Business Loans

Need help starting or growing your business? Our Small Business Loan program could be just what you need! Loans are available from a minimum of $10,000 to a maximum of $50,000. These funds can be used for working capital, furniture, fixtures, equipment, inventory, materials and supplies.

While the Small Business Loan program is open to all entrepreneurs, the program especially supports underserved markets, including borrowers with little to no credit history, low income borrowers, and minority and women entrepreneurs in distressed rural and urban areas, who may not qualify for more conventional loans. 

Click here for more details about Small Business Loan terms and qualifications.


For more information about our Small Business Loans, please email your questions to our Business Development Team, or call Beth O'Keefe, Business Development Officer, at 716-856-6525.


Large Business Loans

Loans are available to businesses operating within specific targeted industries based upon the North American Industry Classification System (NAICS). Loan amounts range from a minimum of $50,000 to a maximum of $2,000,000. These funds may be used for:

  • permanent working capital
  • machinery and equipment purchases
  • property acquistion
  • pollution control improvements
  • loans to effect changes is local ownership when the employment base of the company would otherwise be in jeopardy
For more information about our Large Business Loans, please email our Business Development Team, or call Beth O'Keefe, Business Development Officer, at 716-856-6525.

Innovation Loan

The Innovation Loan is designed to help life-sciences, tech and manufacturing start-up businesses in the "end stages" of production meet capital needs to get a product to market. Any small business as defined by the SBA and located in Erie County may apply, although businesses in distressed areas will be given priority. Different terms may apply.

Click here to download information about the RDC Innovation Loan.

For more information about our Small Business Loans, please email your questions to our Business Development Team, or call Beth O'Keefe, Business Development Officer, at 716-856-6525.

Click here for our RDC brochure. 

For a PDF version of our Business Loan application, click here.