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?
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!
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.
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.
SBA Community Advantage Loan
EDA Revolving Loan Fund
The Economic Development Administration Revolving Loan Fund offers financing up to $350,000 for the purchase of land, building, machinery, equipment, inventory and working capital. These loans can be in participation with your bank or directly from CADDA. The RLF offers competitive rates and terms with low down payments.
USDA Intermediary Relending Program
The U.S. Department of Agriculture IRP loan program offers competitive financing to businesses in rural areas for the purchase of land, building, machinery, equipment, inventory and working capital in amounts up to $250,000. Borrowers that may not be able to access credit from other sources can get great rates and terms.