Areas Served: El Dorado, Placer, Nevada, Lassen, Plumas, Modoc, Sacramento, Sierra and Yolo
The SBA Microenterprise Loan Program affords SEDCorp a source of funds for lending to those businesses whose borrowing needs are too small for conventional lenders in the California Counties of El Dorado, Placer, Nevada, Lassen, Plumas, Modoc, Sacramento, Sierra and Yolo.
Start Up business are eligible.
Eligible uses of funds includeWorking Capital, Equipment purchase, Supplies/Inventory, Business Expansion, Tenant Improvements and business related purchases.
Real Estate not eligible
Qualified businesses must be eligible under SBA guidelines and show repayment ability.
Loan Amount – $1,000 – $50,000, up to 50% of the total project financing.
*$250,000 in some cases.
Maximum Term – Up to 6 years.
Interest Rate – Wall Street Journal Prime + 4% – 6%
Contact InformationSierra Economic Development Corporation
Address: 560 Wall Street, Suite F
City: Auburn
State: California
Website:
http://www.sedcorp.biz/content/business-financing
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