Financing small business

The Corporation for Economic Development in Des Moines (CEDDM) is a 30-year old local 501-C4 non-profit corporation directed by an 18-member board of directors comprised of local small business owners, realtors, bankers, accountants, lawyers and representatives of community organizations.


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 and 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.





 



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.




400 Robert D. Ray Drive

Des Moines, IA 50309


515•283•4017

515•237•1667 Fax

Email Us

Home      •    Revolving Loan Fund     •     504 Loan Program     •     Loan Injection     •     MicroLoan Program     •     Success Stories     •     Forms and resources      •      Board

The Corporation for Economic Development in Des Moines

Current SBA 504 Loan Rates:

10-year loan

4.484%

Des Moines, Iowa small business loans
Des Moines, Iowa small business loans

CED Also Financially Supports:


Mid Iowa Small Business Development Center workshops, Smart Start 1 and 2, help entrepreneurs understand the essentials of starting a business and how to forecast cash needs in a start-up business.


The Minority and Women Business Owners Association’s breakfast meetings which provide an opportunity for members to network with buyers from Des Moines’ largest corporations.


6th Avenue Corridor Urban Main Street program which assists with revitalization efforts on 6th Avenue between I-235 and the Des Moines River.


Copyright 2011      •      The Corporation for Economic Development in Des Moines      •      All rights reserved      •      Web design and hosting by Brainstorm Marketing

20-year loan

5.192%