The California Statewide CDC Rural Loan Fund

Fostering Economic Vitality in California’s Rural Communities:

Are you a rural area business looking to access low cost capital for growth? The California Statewide CDC Rural Loan Fund offers attractive fixed rate financing for a variety of business needs:

  • Commercial real estate purchase and improvement
  • Machinery and equipment
  • Plant improvements
  • Working capital

Key Loan Features
Which communities does this loan program serve?
Rural areas with less than 50,000 population, in the following counties: Colusa, Glenn, Madera, Merced, Sutter, Yuba, Butte, Monterey, San Benito, Santa Cruz, Shasta, Siskiyou, Tehama, Yolo, Sacramento, Placer, El Dorado, San Luis Obispo, Santa Barbara, Ventura, Kern, San Bernardino, Riverside

How do I get started?
Pre-qualification is the first step – we request the following:

  • Business tax returns for the past three years, plus interim financial statement
  • Business debt schedule
  • For any owner with 20% or more ownership: personal tax returns for the past three years, plus personal financial statement
  • Summary of how loan funds will be used

Loan Size: Up to $150,000
Terms: typically 5-10 years for most loans, up to 25 years for real estate, fully amortizing
Rates: prime + spread based on risk, fixed
Fees: loan origination fee of 1-2%, plus closing attorney fee; fees can be financed as part of the project

Call a California Statewide CDC Loan Officer today or contact:

Tim Stanley, Vice President Community Loan Programs California Statewide CDC 916-897-4616
Sasha Globa, President California Statewide CDC 818-419-2360

Download Info Sheet