Economic Development Loans

WHAT DOES HEDC DO?

The roles of the Corporation are diverse but are generally within the following categories: 

Business Development Lending:
Micro Loans:

HEDC offers micro lending through the "Community Works Loan Program" to new businesses and entrepreneurs. The maximum loan value is $10,000 and flexible repayment terms are available to accommodate new business starts. Security requirements are also variable such as provision of subordinated debt loans. 

Capital Development Loans:

HEDC also offers larger loans for businesses which require funding from $ 10,000 to $ 300,000. These are primarily for business expansion and or relocation.