Neighborhood Economic Development Corporation is a CDFI that is certified by the US Department of Treasury to provided Alternative Financing Programs anywhere in the state of Arizona.  Traditional bank loans can be hard to qualify for with a start-up business, a new venture or a business or business owner that has or is struggling financially.  Loans available from NEDCO, or another CDFI, are far more cost effective and flexible than the options listed above as DON’Ts.  Also, the qualification factors for a loan are weighted differently than a bank.  An added bonus is that along with funding, NEDCO provides development assistance: education, networking and support. 

Neighborhood Economic Development Corporation, a non-profit organization (501c3), is a collaborative partnership between private and public sectors, a vehicle for institutions to meet community reinvestment and community development goals.  It is a funding mechanism for implementing such opportunities in Arizona, opportunities that neither the private sector nor the public sector alone can do.

Most importantly, NEDCO knows that helping you and your business succeed helps the community, helping the community creates opportunity for more businesses and more people.  NEDCO knows how important you and your business are to the big picture.

The Community Development Financial Institutions Fund (CDFI Fund) was created within the U.S Department of Treasury to promote economic revitalization and community development.  The vision of the CDFI Fund is “an America in which all people have access to affordable credit, capital and financial services.”   The fund invests in and assists Community Development Financial Institutions (CDFIs).  The characteristics that define a CDFI are: it has a primary mission of community development, it serves a specific target market, it is a financing entity, it also provides development services, it remains accountable to its community, and it is a non-government entity.