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Become an EDN Lender
Thank you for your interest in becoming a Lender in the Enterprise Development Network (EDN).
An EDN Lender is a bank, endowment, foundation, private equity fund, or other financial institution that may provide loans to businesses that are sourced by EDN Originators. The EDN Lender has no obligation to review, process or fund any proposed loan submitted by the Originator.
As part of EDN, your firm will have access to a broad spectrum of business enterprises already working with EDN Originators to create sound business plans and financial models in an effort to obtain the financing needed for desired growth.
The role of an EDN Lender will be to provide an additional source of loan funding to business enterprises (ENTs), based on the financing organization’s individual lending criteria. EDN will serve as the portal to introduce Originators and their ENT clients to EDN Lenders for potential financing opportunities.
The EDN Lender application process commences with creating an EDN account. To create a new account click here.
Originators will enter loan proposal information and attach project documentation through a discrete EDN Originator account.
The Originator is provided with a list of the EDN Lenders with loan criteria that match the project information submitted based on the following:
1. Geographic focus
2. Sector focus
3. Requested loan amount needs to be equal to or greater than the minimum amount required. If the amount exceeds the maximum, the result still displays but with an alert.
The EDN Lender list that is generated will provide a brief narrative overview of the financing organization’s lending approach/criteria to help the Originator refine and make his/her selection. The Originator will be able to select multiple EDN Lenders to which the proposal can be routed.
When the Originator is ready, s/he would be able to click a Submit button to confirm the proposal is complete and ready for review.
An automated email alert is sent to the selected EDN Lenders with a brief description of the project and a message that the proposal information can be viewed from their respective EDN Accounts.
The EDN Lender then logs into his/her EDN Account. There will be a dashboard listing of project proposals that have been sent to the EDN Lender. It is from this listing that the EDN Lender can select and view the proposal that has been submitted by the Originator.
From this dashboard listing, the EDN Lender can choose whether or not the organization is interested in the project. By selecting ‘Interested’ or ‘Not Interested,’ the status indicator is updated in the Originator’s views.
After indicating interest in the proposal, all subsequent communication is handled directly between the EDN Lender, Originator and/or SME.
If your firm is interested in becoming an EDN Lender, please provide all of the information requested in the accompanying application. Please note that the information requested in Steps 1 and 2 is for informational purposes only and will not be used to determine eligibility for inclusion in EDN.
