Areas Served: Del Norte, Glenn, Humboldt, Lake, Lassen, Mendocino, Shasta, Siskiyou, Tehama, and Trinity counties.
The Timber Counties Loan Program was created by SAFE-BIDCO in cooperation with the United States Department of Agriculture (USDA) Rural Development.
Changes in the timber industry have affected the north coast economy.
The USDA Rural Development has authorized SAFE-BIDCO to promote a low interest, fixed rate loan program to encourage new business growth and promote existing business expansion.
Borrower should have at least 20% equity injection.
There MUST be some financial participation by the new or existing business owner.
This can be accomplished through equity contribution or other established collateral sources.
Eligible Borrowers Existing business owners as well as those who desire to start up or acquire an existing enterprise in Del Norte, Glenn, Humboldt, Lake, Lassen, Mendocino, Shasta, Siskiyou, Tehama, and Trinity counties.
Eligible Projects – Business start up or acquisition – Facility purchase – Expansion or modernization – Working capital – Furniture & fixtures – Equipment purchases and upgrades – May be used in conjunction with other business financing to meet lender requirements TERMS – Fixed rates – Loans up to $250,000 – Terms up to 7-years for working capital – Terms up to 15-years for equipment purchase – Terms up to 25-years for real estate
Contact InformationSAFE-BIDCO
Address: 1377 Corporate Center Parkway, Suite A
City: Santa Rosa
State: California
Website:
http://safe-bidco.com/content.asp?contentid=559
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