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
Rate tied to prime based on credit evaluation.

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

FEES
2% 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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