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

EDA Revolving Loan Fund

Bryan, Bulloch, Camden, Chatham, Effingham, Glynn, Liberty, Long, and McIntosh

SBA 504, 7a, & Community Advantage Loan

All of Georgia, Clay, FL, Duval, FL, Nassau, FL, and St. Johns, FL, Beaufort, SC, Hampton, SC, and Jasper, SC

USDA Intermediary Relending Program

Appling, Bacon, Brantley, Bryan, Bulloch, Camden, Candler, Charlton, Effingham, Emanuel, Evans, Glynn, Liberty (except Hinesville), Long, McIntosh, Pierce, Tattnall, Ware, Wayne, and Beaufort, SC

EDA Revolving Loan Fund (RLF) 

To provide credit enhancement to participating lenders for financing for-profit small businesses and industries in our nine-county region 

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Loan Amount

 Up to $350,000 

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. 

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Loan Amount

 Up to
$5 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. 

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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. 

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Loan Amount

 Up to $250,000 

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

Reduces lender’s risk (50% participation)
Reasonable interest rates
Longer repayment terms
Low down payment
No prepay 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. 

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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 

December 2021

SBA 504
Loan Rates

25 Year - 3.22%
20 Year - 3.07%
10 Year - 3.11%

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. 

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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.

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