Arcata EDC

AEDC makes commercial loans that finance up to 90% of the overall project cost on business acquisition and expansion loans. These loans can be made for a variety of purposes such as business acquisition, inventory, equipment, working capital, and/or commercial real estate.  Loan amounts range from $10,000 to $250,000. If the loan is for more than $250,000, participation from a third party lender (bank or seller, for example) is allowable.
Loan term varies with purpose of the loan. If you are borrowing mostly to purchase real estate, a 20-year term may be appropriate. If you are purchasing inventory and equipment, then only a 5 or 10-year term may be necessary.
Purchase of Commercial Real Estate or Heavy Equipment, Commercial Construction Projects
Loans of $100,000 or less can be approved in house