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:
Bryan, Bulloch, Camden, Chatham, Effingham, Glynn, Liberty, Long, and McIntosh
All of Georgia, Clay, FL, Duval, FL, Nassau, FL, and St. Johns, FL, Beaufort, SC, Hampton, SC, and Jasper, SC
Appling, Bacon, Brantley, Bryan, Bulloch, Camden, Candler, Charlton, Effingham, Emanuel, Evans, Glynn, Liberty (except Hinesville), Long, McIntosh, Pierce, Tattnall, Ware, Wayne, and Beaufort, SC
To provide credit enhancement to participating lenders for financing for-profit small businesses and industries in our nine-county region
Up to $350,000
Based on useful life of assets
≤ bank’s interest rate
Not to exceed WSJP+ 3.0%
Land & Improvements
Inventory
Machinery & Equipment
Working Capital
Reduces lender’s risk (50% participation)
Reasonable interest rates
Longer repayment terms
Low down payment/No prepay penalty
Create and/or retain permanent jobs by providing fixed-asset financing to eligible for-profit small businesses.
Up to
$5 to 5.5 million
10, 20, or 25 years based on useful life of assets
Fixed-rate at time of debenture sale
Long-term fixed assets
CADDA: up to 40%
Lender: 50% (non-guaranteed)
Equity: 10-20%
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.
Up to
$5 million
25 years on real estate
5-10 years on all other
Up to WSJP+
2.25 – 4.75% based on loan amount/terms
Expansion/Renovations
Land or building purchase
Inventory
Equipment & fixtures
Leasehold improvements
Working Capital
85% on loans $150,000 or less
75% on loans over $150,000
Up to $3.75MM maximum
Long-term financing
No prepay penalty (under 15-years)
SBA Guaranty
Low down-payment
Provides flexible financing to for-profit small businesses for development and growth when conventional financing is not available.
Up to $250,000
25 years on real estate
5-10 years on all other
Up to
WSJP+ 6%
Expansion/Renovations
Land or building purchase
Inventory
Equipment & fixtures
Leasehold improvements
Working Capital
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.
Up to $250,000
25 years on real estate
5-10 years on all other
≤ bank’s interest rate
Not exceeding WSJP+ 3.0%
Land & Improvements
Inventory
Machinery and equipment
Working Capital
Reduces lender’s risk (50% participation)
Reasonable interest rates
Longer terms
No loan fee
Low down payment
No prepay penalty
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.
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.