Product Summary
The Food Impact Fund recognizes that food entrepreneurs face a unique uphill battle in accessing capital. LEDC is committed to supporting first-time entrepreneurs and those looking to expand — including the dedicated employee who has spent 20 years in the industry and is ready to purchase a business of their own. Eligible businesses include restaurants, catering companies, packaged food producers, and other food-based businesses. Through two targeted loan products, LEDC is creating pathways to ownership, growth, and community wealth.
Interested? Fill out the Interest Form
Seed Loan (Flourish)
$10,000 – $50,000
For early-stage entrepreneurs and graduates of LEDC’s Food Ventures Initiative (FVI). Positioned to capitalize on turnkey restaurant spaces available at lower upfront costs — reducing barriers to entry while preserving vital food infrastructure.
ELIGIBILITY
- Participated in LEDC's Food Ventures Initiative (FVI) program
- Must hold a registered business license
- Located in DC, Maryland, or Virginia
Expansion Loan (Harvest)
$50,000 – $250,000
For growth-stage food businesses with demonstrated market demand and strong potential for job creation. Funds can support equipment, hiring, inventory, working capital, and location expansion.
ELIGIBILITY
- Already operating a food business location
- Minimum 2 years in business
- Located in DC, Maryland, or Virginia
Requirements, Uses & Terms
Requirements
- Business plan
- Financial projections
- Historical financials
- Bank statements
- Tax returns
- LEDC application form
- Collateral requirements may apply
Uses Include
- Vehicles & equipment
- Working capital
- Inventory
- Renovation work
- Bridge financing for gov. grants & contracts
- Business acquisition*
- Insurance purchase
Rate & Terms
- Rates starting at 4.50%
- Terms from 6 months to 5 years
- Loans from $10,000 to $250,000
*Business acquisition is an eligible use only for applicants with prior restaurant or food-business operating experience — not available to first-time restaurant owners.