COVID-19 Relief: EDA CARES ACT Recovery Assistance Loan Program

Building Our Community Through Small Business

The Coastal Area District Development Authority (CADDA) is a nonprofit lender focusing on helping small businesses obtain the funding they need to START, STABILIZE or GROW. 

Making an Impact Since 1976

$471,734,401

in small business financing

2,728

Small Business Loans

16,215

jobs created and preserved

COVID/Cares Act Relief Program

What is this program?

The Coastal Area District Development Authority was awarded $10 million from the Economic Development Administration to launch a CARES ACT Recovery Assistance Loan Fund to assist businesses impacted by the COVID-19 pandemic.

Am I eligible?

The below list of eligible uses for your loan proceeds will help you decide what you can use it for, working capital, debt consolidation, refinancing (limited), machinery and equipment, inventory, and some farming and agricultural production. Still not sure, click the button to learn more.

October 2021

SBA 504
Loan Rates

25 Year - 2.912 %
20 Year - 2.765%
10 Year - 2.372%

Which Loan is Right for Me?

Whether you’re searching for a $10,000 equipment loan or want financing for a $2 million building purchase, there is a good chance we have the right loan product for you. 

Need More Info? Contact Us.

CADDA has a reputation for providing the best service of any CDC in the Coastal Area. We’re committed to constant improvement.  We look forward to hearing from you.

Ready to Apply? Upload Your App.


CADDA is an Equal Opportunity Lender. © Coastal Area District Development Authority. All rights reserved.
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