Fuel for Growth: The SBA Community Advantage Loan

Are you a growing company in need of affordable capital? California Statewide CDC offers direct loans for a variety of business needs:

  • Machinery and equipment
  • Working capital (inventory, materials, payroll, rent, etc.)
  • Leasehold improvements, furniture & fixtures
  • Business purchase, startup/expansion and related expenses

Ideal recipients include businesses located in low-moderate income and other designated underserved zones.

Key Loan Features

Loan Size
Up to $250,000

5-10 years, 25 years for real estate, fully amortizing loan

Prime + (2.25% to 6%, based on risk), variable

Loan origination fee – $2,500
SBA guarantee fee – 0% for loans up to $125,000; 1.7% for loans $125,001 to $150,000; 2.25% for loans $150,001 to $250,000

Startups Eligible?
Yes (15-30% injection required, portion of which can be gifted)

How do I get started?

Prequalification is the first step – we’ll need the following:

  • Business tax returns for the past three years, plus interim financial statement
  • Business debt schedule
  • For any owner of 20% or more ownership: personal tax returns for the last three years, plus personal financial statement
  • Summary of how loan funds will be used
  • For startup or newer growth businesses: a well thought out business plan, financial projections and assumptions


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