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SBA Loans for Small Businesses Fit Variety of Needs

SBA loans are administered by Safe-Bidco, a nonprofit that provide guidance and a wide variety of specialized loans

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Small Business Administration Loans

The CDC/504 loan program is a long-term financing tool for economic development within a community. The 504 Program provides growing businesses with long-term, fixed-rate financing for major fixed assets, such as land and buildings. A Certified Development Company is a nonprofit corporation set up to contribute to the economic development of its community. CDCs work with the SBA and private-sector lenders to provide financing to small businesses.

The public policy goals are as follows:

  • Business district revitalization.
  • Expansion of exports.
  • Expansion of minority business development.
  • Rural development.
  • Increasing productivity and competitiveness.
  • Restructuring because of federally mandated standards or policies.
  • Changes necessitated by federal budget cutbacks.
  • Expansion of small business concerns owned and controlled by veterans (especially service-disabled veterans)
  • Expansion of small business concerns owned and controlled by women.
For more information:

Small Business Administration 504 loans

Safe-Bidco is a California non-profit organization that markets Small Business Administration 504 loans.

The loans can have higher limits and longer terms than the government's more often used 7(a) program but must be used to buy or improve fixed assets such as real estate.

Safe-Bidco is a nonprofit small-business lender established by the state Legislature 25 years ago to make energy loans. It now offers a handful of different lending products for small businesses.

California Economic Development Loans

Through a relationship with Superior California Economic Development District in Redding, Safe-Bidco will market the 504 loans. With the 504 program, a private sector lender such as a bank, guarantees 50 percent of the loan, a certified development company guarantees 40 percent and the small business requesting the loan has to put 10 percent down.

Solutions for financial needs include:

  • SBA Guaranteed Loans
  • California Loan Guarantee Program
  • Timber Counties Loan
  • North Coast Microloan Program
  • Energy Efficiency Loans
  • Brownfields Cleanup Loan Programs
Following are a variety of the loans available to small businesses:

SBA Guaranteed Loans

SBA loans provide a "bridge" over a financial gap created by a firm's start, growth, redirection or temporary setback. The SBA loan cannot provide 100% of the needed financing.

California Loan Guarantee Program

Similar to the SBA program, the State's Small Business Loan Guarantee Program, through the Business, Transportation and Housing Agency, allows SAFE-BIDCO to work with local lenders to provide guarantees for a wide range of business loans and lines of credit. These guarantees can be helpful for firms experiencing rapid growth or seasonal cash shortages.

Timber Counties Loan

The Timber Counties Loan Program was created by SAFE-BIDCO in cooperation with the United States Department of Agriculture Rural Development.

Microloan Program

The Microloan Program was created by SAFE-BIDCO to encourage community economic development and job creation in Northern California by providing funding for small business

Energy Efficiency Loans

Sponsored by SAFE-BIDCO, this loan program supports commercial energy efficiency projects.

Brownfields Cleanup Revolving Loan Fund Programs

The Brownfields Cleanup Revolving Loan Fund (BCRLF) was created to develop and implement a revolving loan fund to provide financing for the remediation of properties contaminated from previous industrial and commercial activity. SAFE-BIDCO is loan fund manager for BCRLF programs in California and Nevada.

1377 Corporate Center Parkway, Suite A
Santa Rosa, CA 95407-5432
(707) 577-8621
(800) 273-8637

Edited by Carolyn Allen
| SBA | loan | small business | women | financing |


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