Ecosystem Map The Coalition Website

Latino Economic Development Center

Flexible underwriting that allows to focus on the whole business and business owner finances. ability to finance new ventures and startups. Special programs, subject to availability, that offer concessionary rates and terms.

Back to Directory
Contact Information
Yes, all lending decisions are made locally in our office setting.
(202) 792-7708 https://www.ledcmetro.org/
Community development financial institutions (CDFIs) are lenders with a mission to provide fair, responsible financing to underserved communities, including low-income neighborhoods and small businesses, that mainstream finance doesn’t traditionally reach.
Locations Served
Districtwide
Languages
English
Spanish
Other
Lender Interests
Established small businesses with at least two years in operations, seeking capital to grow/expand operations, startups with less than two years in operations, seeking capital to launch or consolidate their venture and startups with less than one year in operations, or with plans to launch a company within 3 months of receiving funds.
Decision Making Process
Yes, all lending decisions are made locally.
Reasons for reject
Cannot demonstrate repayment capacity, lack of collateral.
General Information

 

Fernandi Quiroz | Loan Operations Manager | 202-792-7708 | Fquiroz@ledcmetro.org

Advisory Services Offered

Products & Services

Products & Interest Rates

  • Secured Term loans:
    6.00 % to 12.00 %
  • Unsecured Term loans:
    6.00 % to 12.00 %

Loans Offered

  • Small business microloans:
    • Under $5k
    • $5,001 – $50k
  • Small business loans:
    • $50,000 – $150k
    • $150,001 – $250k

SBA & Other Products

  • 7(a) loans
  • Microloans
  • Loans to restaurants, constructions companies creating new jobs in DC with 0% secured term loans up to $100,000
Eligibility & Requirements

General Requirements †

  • Personal Credit Score:
    No minimum
  • Business Credit Score:
    N/A
  • Personal Guarantee:
    Yes
  • Collateral:
    25% for loans higher than $5,000
  • Years in Operation:
    No
  • Annual Revenue:
    No
  • Other:
    Bank statements, tax Returns, LEDC application form
  • Number of Months Financial Statements:
    6 months of business statements

Ineligible Loan Uses ‡

  • Firearms
  • Adult stores 
  • Liquor stores
  • Gambling establishments
  • Speculative non-income producing investments & activities

† Note: These are generally required
‡ Items, industries, and/or purposes that are not eligible for financing