Areas Served: Del Norte, Humboldt, Lake, Mendocino, Siskiyou, and Trinity counties
Arcata Economic Development Corporation – AEDC was created in 1978 by a group of Arcata business and community leaders to help grow the city’s economy through assistance to local businesses and homeowners.
Today, AEDC is a 501c3 non-profit organization that makes capital available to borrowers in a six county region who don’t have access to funds from traditional sources.
Office equipment and large industrial equipment qualify.
A 10%-25% owner equity injection is required for machinery and equipment loans.
– These loans can be used for new business start-up costs or expansion, inventory, equipment or leasehold improvements.
– Term and loan amounts vary depending on the business needs.
To apply for a new business loan, be prepared to provide the following: – A written business plan, including financial projections for two years.
– Personal tax statement for all owners for the previous three years.
– Physical collateral whose resale value equals the value of your loan, or a qualified guarantor (someone who promises to pay your loan should you default).
Contact InformationArcata Economic Development Corporation
Address: 100 Ericson Court, Suite 100
City: Arcata
State: California
Website:
http://www.aedc1.org/small-business/what-finance
Leave a Reply