Intermediary Relending Program (IRP)
Fostering Economic Vitality in Rural Communities
Are you a rural area business looking to access low cost capital for growth? The Statewide CDC Rural Loan Fund offers attractive fixed rate financing for a variety of business needs.
- Commercial real estate purchase and improvement
- Machinery and equipment
- Plant improvements
- Working capital
Key Loan Features
Which communities does this loan program serve?
Rural areas - including municipalities with a population less than 50,000 - throughout California, Nevada and Arizona; and counties including: Colusa, Glenn, Madera, Merced, Sutter, Yuba, Butte, Monterey, San Benito, Santa Cruz, Shasta, Siskiyou, Tehama, Yolo, Sacramento, Placer, El Dorado, San Luis Obispo, Santa Barbara, Ventura, Kern, San Bernardino, Riverside.
LOAN AMOUNT
Up to
$150,000
Up to (in special circumstances)
$250,000
TERMS
5 -10
Years for most loans
25
Years for real estate, fully amortizing loan
RATES
Prime +
Spread based on risk, fixed
FEES
1 - 2%
Loan origination fee, plus closing attorney fee; fees can be financed as part of the project
How do I get Started?
Prequalification is the first step and will require the following.
- Business tax returns for the past three years, plus interim financial statement
- Business debt schedule
- For any owner of 20% or more ownership: personal tax returns for the last three years, plus personal financial statement
- Summary of how loan funds will be used
Our Recent Success Stories
Healing Minds is a outpatient mental health clinic in Nevada
