The VEDC (Valley Economic Development Center) Startup Friendly is a cdfi lender from VEDC (Valley Economic Development Center). The annual fee is $0. The ongoing APR is 7% - 16%. Approval typically requires a credit score of No minimum or higher. Rewards: Free business consulting and workshops. Typical credit limit: $5,000 - $500,000. This product reports activity to your personal credit report. Southern California CDFI. SBA microloan intermediary. Provides microloans, SBA loans, and lines of credit. Bilingual (English/Spanish). Has lent over $100 million. Focus on underserved communities.