Community Economic Development Fund

Community Economic Development Fund (CEDF) is a non-profit organization based in Meriden, Connecticut. CEDF is a lender that employs 32 people and generates $2 million in annual revenue. CEDF provides financial assistance to businesses in Connecticut that are unable to secure traditional bank loans. They offer a range of products including SBA microloans, business term loans, lines of credit, and commercial mortgages at competitive interest rates. Funding for these loans comes from a pool of capital contributed by major banks in the state. CEDF distinguishes itself through its commitment to supporting community development. In addition to loans, they offer educational programs and grants for community-based economic development projects. Each borrower is paired with a dedicated business advisor who acts as a mentor, consultant, and liaison, helping businesses succeed while mitigating risk for CEDF. CEDF's educational programs, encompassing seminars, workshops, and digital resources, are open to the public. For detailed information about CEDF's offerings, eligibility requirements, and programs, visit cedf.com.