Economic and Community Development Institute, Inc. (ECDI)

What their website says about applying

• A Relationship Manager (RM) will contact you and discuss your capital need, determine eligibility and send you an application. source
• A business plan is required as part of the application process. Your plan should demonstrate how you will repay the loan. source
• There is a $25 application fee for each applicant. source
• Provide a voided business check in your company’s name source

Phone numbers and addresses are the ones on the lender's own site and the CDFI Fund list. CDFI Atlas does not take applications.

As published on the lender's website on that date, not an offer or a quote. Your rate depends on the lender's review. A missing rate means the pages we read did not state one. For consumer loans we repeat a rate only when the lender states it as an APR (annual percentage rate, which includes fees); otherwise read the lender's own wording and ask for the APR.

• Low or damaged credit considered Attainable for business owners with low to average credit or ones who have been denied source
• Business plan required A business plan is required as part of the application process. Your plan should demonstrate how you will repay the loan. source

Only rules the lender's own pages state. Other requirements may apply.

Read from 7 pages of the lender's website on 2 Nov 2026. Quotes are verbatim. Extracted with AI help from the pages listed below and checked automatically against them. Not reviewed by a person. Confidence: high. Online step is a loan inquiry; formal applications follow contact from a Relationship Manager. Terms change — confirm with the lender before applying.

Based on what their website said when we read it on 2 Nov 2026, and what it left out. Something missing here does not mean they don't offer it: ask.

1. Do you lend where I live, or where my business is?
   Their website does not say which area they serve.
2. Is there a minimum loan amount?
   Their website gives a maximum ($1M) but no minimum.
3. What interest rate and fees should I expect on your SBA-backed loans and small-business loans?
   Their website does not state a rate for this.
4. Can I apply online, or do I need to call or visit?
   We found no online application on their website.
5. Do you offer free coaching or help preparing my application?
   CDFI certification requires development services, such as training or advice, alongside lending.
6. What documents will you need from me, and how long does a decision usually take?
   Their website describes some application steps (above); ask for the full document list.

Write down the answers, who you spoke to and the date, and ask for the terms in writing before you sign.

End-of-year figures from the Form 990 this organisation filed with the IRS for the fiscal year ending June 2023 (tax year 2022; EIN 31-1145544, filed as “ECONOMIC AND COMMUNITY DEVELOPMENT INSTITUTE INC”), taken from the IRS Annual Extract of Tax-Exempt Organization Financial Data (returns processed in 2024). Figures are self-reported to the IRS, not audited by us, and lag one to two years behind today. The lender’s own annual report may show newer numbers. This organisation’s filings on ProPublica Nonprofit Explorer

Filings over time

Total assets fell 28% from Jun 2021 to Jun 2023; notes and loans receivable fell 43%. One row per fiscal year in the IRS extracts of returns processed in 2022, 2023, 2024; “—” = the line was empty or zero on that return (a fund can book its loans on other lines).

For comparison, not an offer and not a rating. Past records show what this lender did, not what you would be offered; your rate depends on the loan and on the lender's review. Peer groups and sources: methodology. SBA 7(a) & 504 FOIA data as of 30 Sep 2026. Form 990 figures: IRS annual extracts (see the Form 990 section).

The SBA's public loan data lists 89 SBA-backed approvals for Economic and Community Development Institute, Inc. (ECDI) in fiscal years 2020–2026 (October 2019 to September 2026):

• 89 7(a) loans as the lender: $14.8M in total (gross amount approved), median $150,000

By fiscal year: FY2020 21 · FY2021 17 · FY2022 21 · FY2023 11 · FY2024 10 · FY2025 6 · FY2026 3.

How this lender was matched in the SBA files: SBA lender ID 0443558: same organisation by name and state, checked by hand (SBA lists “Economic and Community Development Institute”).

Approved is not the same as paid out: an approved loan can be reduced or never drawn. SBA lists the lender each loan is currently assigned to, which can differ after a merger or loan sale. Economic and Community Development Institute, Inc. (ECDI) may also make loans outside SBA programs, which are not counted here, and SBA Microloans are not in these files.

Source: U.S. Small Business Administration, 7(a) & 504 FOIA loan data, files as of 30 Sep 2026, downloaded 3 Nov 2026. Our counts, cancelled approvals left out. How we match lenders.

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