The Community Economic Development Fund is a business loan from Community Economic Development Fund. Approval typically requires a credit score of No minimum credit score or higher. Typical credit limit: $1,000 up to $50,000; $5,000 up to $250,000. Loan terms: Fixed rate; up to 7 years (loans $1,000 up to $50,000) and up to 10 years (loans $5,000 up to $250,000); monthly payment of principal and interest; cannot revolve, no balloon provisions.