Business Loans — Economic Development and Financing Corporation is a business loan from Economic Development and Financing Corporation. The ongoing APR is Fixed interest rates based on the size of the loan and the risk rating. Typical credit limit: $5,000 to $250,000. Loan terms: Terms typically range from 3–15 years. Each loan is customized based on specific needs.. If you are looking to start or grow a business and have not been successful in securing traditional financing through a bank, EDFC may be able to help. Who we serve: Self-Employed / Existing Businesses / Debt Restructure / Start-Ups