Gemechis Merga, Owner GM Auto Repair
At African Economic Development Solutions (AEDS-OR), we help clients overcome the obstacles in accessing business loans.
Our goal is to enable passionate entrepreneurs by providing access to the capital that helps launch their businesses. We eliminate barriers that get in the way of economic opportunities by pioneering non-traditional financial instruments and following an innovative business development strategy.
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A benefit of our lending is you can grow your dream business and get help all along the way from the seed of the idea to growing pains. Additionally, we provide financial counseling and coaching by pulling soft credit.
AFRICAN ECONOMIC DEVELOPMENT SOLUTIONS
SMALL BUSINESS LOANS
Help Expand Businesses
We offer up to $100,000.00 for existing businesses seeking funding to expand its businesses. The loan process is six steps - intake, Business Development Course, application, meeting with loan officer, final decision, and closing. Reach out today to learn more.
TYPE OF LOANS
MIRCO-LOANS
Unleash Entrepreneurship's Power
Offering up to $25,000 for startups. Our goal is to enable passionate entrepreneurs by providing access to the capital that helps launch their businesses. Reach out today to learn more about our loans and to start the process to build your business.
CREDIT BUILDING LOANS
Build Credit
Our organization offers $300 interest free credit building loans. Through consistently making automatic payments on time, the loan helps increase credit scores, which is essential to credit building. As a benefit, the service includes a one-on-one Financial Capabilities Counseling session.
SHARIA COMPLIANT LOANS
Sharia Compliant
African Economic Development Solutions (AEDS) offers existing and start-up businesses a Sharia Compliant Loan to adhere to Sharia Law. Additionally, we offer buy and sell agreements for assets such as vehicles and equipment. Reach out to learn more.
LOAN PROCESS STEPS
INTAKE
TRAINING
APPLY
MEETING
REVIEW
CLOSING
Schedule an Intake with our Business Manager to understand your needs.
Complete the online Loan Application with business & financial information.
Receive a timely decision, after review of your loan application.
Attend our 6-week Business Development Training Workshop.
Schedule a Loan Officer Meeting to review your application.
Attend a closing and receive the money to build your business!