Review Application
Once we have your application and documentation we match you with the best loan program! We go through all the necessary steps to ensure the approving authority has all the information they need to make a decision!
Approval Process
Depending on the loan type different levels of approval are needed, sometimes we can approve a loan internally, sometimes we take the loan to our board of directors, and for SBA loans we also submit to SBA directly for their decision.
Funding
Once you are approved for your loan, we start getting everything ready for funding so you can get to work on your new venture! SBA loans require more closing prep than some of our other loans.
May 2022
Loan Rates
25 Year - 5.12%
20 Year - 5.06%
10 Year - 4.93%
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.
-
Coastal Area District
Development Authority Inc.