Glossary · People and paperwork
Economic Development Agency
In short
A government or non-profit organization focused on promoting economic growth and job creation in a specific area. They sometimes offer local incentives or resources.
What it means in a deal
While not directly involved in your SBA loan, an EDA might offer grants, tax incentives, or local assistance that could benefit your acquired business. Research local agencies for potential post-acquisition support.
Related terms
Common questions about Economic Development Agency
- Can I use a conditional grant from a local economic development agency as equity?
- What if the business I'm buying requires significant ongoing research and development?
- How does a lender determine affiliation for size purposes when evaluating common economic dependence?
- What kind of government agency is the Small Business Administration (SBA) for these loans?
- What is the role of an SBA Business Development Officer (BDO) in my loan process?
- Under what conditions does a shared economic interest trigger affiliation for SBA size standard purposes?
Defined by CapBench SBA Intelligence — plain-English definitions for business buyers, lenders, advisors, and AI agents, grounded in public SBA rules and records. Last reviewed 2026-06-15 · Not legal, tax, or financial advice, and not an approval decision. Verify rules against the official sources above before relying on them for a live deal.
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