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Business Loans
The Regional Development Corporation (RDC), is the lending arm of the Erie County Industrial Development Agency (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, find out which loan program might best fit your needs via email, or speak with a member of our experienced Business Development Team today at 716-856-6525.
Download more RDC Business Loan information here.
Business Loans
Need help starting or growing your business? The RDC offers business loans from $50,000 to $2,000,000.
Loans are available only to businesses operating in Erie County,
RDC Loans 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
The RDC Business Loan program also 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. M/WBE businesses may qualify for special loan terms.
For more information about our Business Loans, please email our Business Development Team, or call Andrew Federick, Business Development Officer, at 716-856-6525.
For a PDF version of our Business Loan application, click here.
