Intermediary Relending

DESCRIPTION
Business loans in rural areas.

USE OF FUNDS
Working capital, equipment acquisition, plant improvements and inventory.

QUALIFICATION
Business must be located in an unincorporated area or in a city or town with a population of 50,000 or less.

MINIMUM & MAXIMUM AMOUNTS
$25,000 to $250,000.

MATURITY 
7 years on loans for equipment or working capital; 15 years on real estate.

INTEREST RATE
Prime + 3.5%, variable rate, adjusting quarterly.

COLLATERAL
Available business and personal assets including machinery and equipment, accounts receivables, inventory and real property.

FEES
2.5% of loan amount.

Pre-qualify here

Application

 

California Coastal Rural Development Corporation

221 Main St
Suite 301
Salinas, CA 93901
Phone: (831) 424-1099
Fax: (831) 424-1094
2625 S. Miller St
Suite 106
Santa Maria, CA 93455
Phone: (805) 349-0798
Fax: (805) 623-8396
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