The best kept SECRET in Georgia

Understanding CADDA’s Loan Programs: Your Questions Answered

Do you only help startups?

CADDA’s loan programs can help businesses in all stages of their lifecycle. Our mission is to provide economic development lending programs that help both new and established small businesses thrive.

Can you help any business?

While we aim to help as many businesses as possible, our programs are specifically designed for small businesses that meet certain eligibility criteria. Key factors we consider include:

•               Business size (Net Tangible Assets under $20 million)

•               Location within our service area

•               Viable business plan and cash flow

•               Intended use of funds (must be for eligible fixed assets)

•               Credit worthiness and ability to repay

How do you determine a small business?

$20 million or less in Net Tangible Assets and $6.5 million in net income. This criterion helps ensure our programs serve businesses that truly need and can benefit from our assistance while aligning with SBA guidelines for small business qualification.

What are your loan sizes?

CADDA offers loan sizes up to $5.5 million, with flexible terms that can extend to 10, 20, or 25 years with fixed interest rates. Our loan programs are structured to provide up to 90% financing of eligible fixed assets, making it easier for businesses to achieve their growth objectives.

What area do you cover? 

Our service area spans three states: Georgia, South Carolina (Beaufort, Hampton, and Jasper Counties) and Florida (Clay, Duval, Nassau, and St. Johns Counties).

How are you different from banks?  

As a private non-profit economic development lender, CADDA offers several unique advantages:

•               We provide below-market interest rates

•               Our loans feature longer terms with fixed rates

•               We can offer up to 90% financing, requiring less down payment

•               We partner with traditional lenders to create optimal financing packages

•               Our focus is specifically on supporting small business growth and development

Can you work with any bank?  

Yes, CADDA partners with various lending institutions throughout our service area. We work collaboratively with banks, credit unions, and other financial institutions to structure financing that best serves our clients’ needs. This partnership approach allows us to create comprehensive funding solutions that benefit both the business and the lending institution.

Our team works closely with each applicant to determine eligibility and find the best financing solution for their specific needs. We encourage any small business owner interested in our programs to contact us for a consultation.

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.  

SBA 504  |  SBA Community Advantage  |  EDA Revolving Loan  |  USDA Intermediary Relending Program  |  and more!