In partnership with Grow America Fund (a Community Development Financial Institution licensed under the U.S. SBA Preferred Lenders Program), the EDGE Impact Fund will make SBA-guaranteed loans of $150,000 or more to small businesses throughout Shelby County. The program is open to qualified, existing businesses in operation for at least three years with 2 – 500 employees and revenues between $500,000 and $20 million (subject to the SBA size standards by industry). Real estate development projects and financing entities are not eligible. Loans can be used to fund working capital, machinery, and equipment, owner-occupied real estate acquisition, construction, renovation, and tenant improvements.
Recent Posts
- EDGE Approves One PILOT, Three Amendments, Awards $25,000 ICED LoanThe EDGE Board met on July 17 and approved one new PILOT (Payment In Lieu of Taxes) and three PILOT amendments, as well as one forgivable Inner City Economic Development (ICED) Loan built to spark revitalization in distressed neighborhoods.
- Monday, June 24, 2024: EDGE Special Call MeetingMonday, June 24, 2024 Junior Achievement of Memphis and the Mid-South 516 Tillman, Memphis, TN 38112
- EDGE to Host Second Annual Inner City Economic Development Loan ExpoEDGE will host the second annual Inner City Economic Development… Read more: EDGE to Host Second Annual Inner City Economic Development Loan Expo