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Loan Resources for Qualified Businesses

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Valley Economic Development Center

VEDC is a certified Community Development Financial Institution (CDFI) – a non-profit lender with a mission “to create and sustain jobs and businesses in our communities by providing high-quality economic development services.”  VEDC has a successful 38-year history in Southern California and recently expanded to Nevada. Among its many programs are loans for women-owned businesses, minority-owned business, microloans, direct loans for $50,000-$700,000, and SBA loans for $50,000-$5,000,000. The City of Reno is providing a $200,000 loan loss reserve for VEDC to leverage $3 million in available loans to qualified businesses within the City of Reno.

For more information about the VEDC loan program, please go to the link above or contact Chris Fream, the program administrator, at (775) 785-5820/(775) 221-1766 or cfream@vedc.org.

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