Rural Small Business Loan Program
Fostering Economic Vitality in California’s Rural Communities
Are you a rural area business looking to access low cost capital for growth? The Statewide CDC Rural Loan Fund offers attractive variable 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 with a population with less than 50,000 within in the states of California, Arizona and Nevada
LOAN AMOUNT
From
$100,000
Up to
$350,000
TERMS
5 -10
Years for most loans
25
Years for real estate, fully amortizing loan
RATES
Prime +
Spread based on risk
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
