Our mission is to enhance economic development in the City of Des Moines and the Greater Des Moines area.
Our goal is to make the funding programs we administer straightforward and easy to access.
Current SBA 504 rates
10-year loan - 4.115%
20-year loan - 4.091%
The Corporation for Economic Development in Des Moines
CEDDM is a Certified Development Company under the Small Business Investment Act of 1958 as amended, and is certified to originate loans under the 504 Program and administer the City of Des Moines’ Revolving Loan Fund and Microloan Programs.
We have been financing business growth in the City of Des Moines and the Greater Des Moines area since 1981. Since that time, we have approved 144 projects worth $42.6 million through the 504 Loan program, leveraging over $106.5 million in private investment and creating or retaining 1,775 jobs. Additionally, CEDDM has approved 126 small business development loans totaling $1.27 million funded from the City of Des Moines Community Development Block Grant Program. These small business loans leveraged over $14.3 million in private investment and created and retained 285 jobs.
We are dedicated to fostering sustainable small business development, job creation and retention. Our team of dedicated experts can guide you through the process of accessing loan programs specifically designed to help businesses with start-up, expansion, equipment purchase or other costs associated with economic growth.
If you’re looking for an experienced partner to help you find the necessary capital to fund business expansion, you’ve come to the right place.