EDA and MBDA Support a New Generation of Black Entrepreneurs – February 2022

Initiatives like the Economic Development Administration’s (EDA) Revolving Loan Fund (RLF) program, as well as programs delivered by the Minority Business Development Agency (MBDA), are helping narrow inequities facing Minority Business Enterprises (MBEs). EDA’s RLF program assists businesses by capitalizing local investment programs that provide gap financing to businesses that might not be able to obtain traditional bank loans, while MBEs can access a variety of technical assistance, including access to capital, access to contracts and access to markets by contacting a local MBDA Business Center.