You Can
Benefit from our Partnership
When you partner with CADDA, you are working with experienced, reliable lending experts.
We partner with banks to offer commercial loans ranging from $25,000 to $500,000 to over $5.5 million depending on the loan program. We coordinate with you during the entire loan process to ensure everything goes smoothly for your customer. Benefits for partnering with CADDA include:
- Reduced lending exposure while maintaining the borrower relationship
- Manage borrower and industry concentration issues
- Low down payment preserves borrower’s working capital, which keeps cash in deposit accounts
CADDA Service Areas
All 159 Counties
In Georgia
We have funds available throughout the state of Georgia, with a specific focus on the coastal counties of Bryan, Bulloch, Camden, Chatham, Effingham, Glynn, Liberty, Long, McIntosh, and Screven!
Low Country
South Carolina
Our loan funds are available for projects located in Beaufort, Hampton, And Jasper County!
Northern Florida
We have funds available in Clay, Duval, Nassau, and St. Johns County!
EDA Revolving Loan Fund (RLF)
An RLF loan is a unique financing opportunity designed to make loans possible for entrepreneurs with a variety of financial and business situations. With an RLF loan, CADDA funds part of the loan, reducing risk to the bank.
Loan Amount
Up to $500,000
Terms
Based on useful life of assets
Rates
≤ bank’s interest rate
Not to exceed WSJP+ 3.0%
Use of Proceeds
Land & Improvements
Inventory
Machinery & Equipment
Working Capital
Benefits
Reduces lender’s risk (50% participation)
Reasonable interest rates
Longer repayment terms
Low down payment/No prepay penalty
SBA 504
Create and/or retain permanent jobs by providing fixed-asset financing to eligible for-profit small businesses.
Loan Amount
Up to
$5.5 million
Terms
10, 20, or 25 years based on useful life of assets
Rates
Fixed-rate at time of debenture sale
Use of Proceeds
Long-term fixed assets
Percent of Guaranty
CADDA: up to 40%
Lender: 50% (non-guaranteed)
Equity: 10-20%
Benefits
Reduces lender’s risk
Reasonable interest rates
Long-term fixed rate for loan term
Fees are financed
No balloons
SBA 7(a)
Provides flexible financing to eligible for-profit small businesses for development and growth when conventional financing is not available.
Loan Amount
Up to
$5 million
Terms
25 years on real estate
5-10 years on all other
Rates
Up to WSJP+
2.25 – 4.75% based on loan amount/terms
Use of Proceeds
Expansion/Renovations
Land or building purchase
Inventory
Equipment & fixtures
Leasehold improvements
Working Capital
Percent of Guaranty
85% on loans $150,000 or less
75% on loans over $150,000
Up to $3.75MM maximum
Benefits
Long-term financing
No prepay penalty (under 15-years)
SBA Guaranty
Low down-payment
Community Advantage
Provides flexible financing to for-profit small businesses for development and growth when conventional financing is not available.
Loan Amount
Up to $350,000
Terms
25 years on real estate
5-10 years on all other
Rates
Up to
WSJP+ 6%
Use of Proceeds
Expansion/Renovations
Land or building purchase
Inventory
Equipment & fixtures
Leasehold improvements
Working Capital
Benefits
Reasonable interest rates
Longer repayment terms
Low down payment
No prepayment penalty
USDA Intermediary Relending Program (IRP)
Provides credit enhancement to participating lenders for financing of eligible for-profit small businesses and industries in our service area to create employment opportunities and/or retaining existing jobs.
Loan Amount
Up to $250,000
Terms
25 years on real estate
5-10 years on all other
Rates
≤ bank’s interest rate
Not exceeding WSJP+ 3.0%
Use of Proceeds
Land & Improvements
Inventory
Machinery and equipment
Working Capital
Benefits
Reduces lender’s risk (50% participation)
Reasonable interest rates
Longer terms
No loan fee
Low down payment
No prepay penalty