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

Helping Small Businesses Grow

CADDA can help your business if you’re just starting out, or if you’ve been in business but are looking to expand. For over 4 decades we have helped small businesses start, grow, and thrive.

With multiple loan programs, our loan experts can find the best loan for your business. Let us help you make your small business dreams come true! We have several programs and want to ensure we match you with the program that is right for your business. Our process is designed to help you get the best loan to meet your needs, which is why we take the time to get to know you.

Ready to get started?

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.

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. 

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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