EDC LOAN CORPORATION
Small Business Financing
Pre-Application
(Do not use this form if applying for an SBA 504 loan)
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The EDC Loan Corporation (LC) offers flexible financing options for small businesses in Kansas City, Missouri. As a non-
bank entity it has the ability to offer many financing options for fixed asset purchases and working capital needs to assist
the growth of area businesses. The EDC Loan Corporation works with business owners and lenders to offer financing
options through available loan programs.
The loan programs offered by the EDC Loan Corporation have some restrictions and preferences. These parameters are
changed from time to time to better suit the needs of the community and increase the dollars available to be loaned
out. It is preferable to partner with a bank or lending institution to maximize the potential financing available to a
business. For example- If a new piece of equipment will cost $75,000, then it would be optimal for the bank to loan
$37,500; the EDC Loan Corporation $30,000 and the business to pay for the remaining $7,500. The bank has the
advantage of having the equipment as primary collateral, while the Loan Corporation would take a secondary position.
In order to better determine if a business fits the criteria for an EDC Loan Corporation loan program and to better use
the resources of the Applicant, please fill out as completely as possible the following application. Based on the answers
given and a review by the EDC Loan Corporation, a determination will be made whether the financing request will be
approved to move forward with a full application.
Applicant
I understand that this is not a formal application for credit from the EDC Loan Corporation and no credit checks will
occur at this time. The purpose of this Pre-Application is for the EDC Loan Corporation to determine whether it is in the
best interest of the Applicant and the Loan Corporation to move ahead with a formal Loan Application.
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Printed Name Date
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Signature
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On behalf of (Business Name)