Businesses

Business Loans

Unable to Obtain a Conventional Bank Loan?

Superior California Economic Development’s Business Loan Program offers financing to businesses, preparing them for growth and expansion and ultimately strengthening our local economies by creating new jobs.

If You Have
  • Historical business earnings
  • Well-founded revenue projections
  • A solid business plan with complete financials
  • Acceptable credit history
But You Do Not Qualify for a Conventional Loan Due To
  • Minor historical credit issue
  • Short length of time in business
  • Small loan amount requested
We have Several Programs Offering
  • Financing available from $5,000 to $250,000
  • Fixed interest rates
  • Longer loan terms to keep your payments low
Qualifications for a Business Loan
  • Be for profit
  • Be located in Shasta, Siskiyou, Modoc, Trinity or Tehama Counties
  • Demonstrate the ability to repay the loan from business-generated profits
  • Create or retain jobs with the loan funds
How can I use the funds from my business loan?
  • Purchase an existing business
  • Acquire land or a building
  • Purchase machinery & equipment
  • Purchase inventory

Ready To Take Action?

Contact A SCED Loan Expert

Current SBA 504 Loan Rates

10-Year Fixed Rate 4.79%
20-Year Fixed Rate 4.62%
Refinance Rate 4.94%
Loan Rate Pricing Changes Monthly

Business Financing Success Stories

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“For me, it wouldn’t have been possible without SCED.”

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Action Sports Rentals

Redding, CA
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“SCED really is a huge benefit for businesses owners. It’s just an amazing program.”

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Sweet Pea Academy & Caterpillar Campus

Redding, CA
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“These are specialty-use buildings, so traditional financing… well, banks get a little scared to fund a project like this, even with a lot of collateral.”

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Premier Oil Change

Redding, CA
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Julie gives credit to SCED Loan Manager Ryan Richardson for “not just evaluating the numbers, but evaluating me."

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Tsasdi Resort

Lakehead, CA
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“A business development loan provided the financial boost for internally redesigning the machine and eliminating the flaw in the process.”

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Sof-Tek Integrators

Redding, CA
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“I knew SCED was working for my success, not just their own bottom line.”

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LPL Financial

Redding, CA
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“How are you supposed to be new and succeed if you don’t change anything?!”

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Signarama

Redding, CA
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“The biggest challenge to obtaining financing was being a new business,” says Juli, “and fighting the assumption that I didn’t know what I was doing.”

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JR Martin and Associates

Redding, CA
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“I really wanted to do the right thing for downtown.”

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California Physician Reimbursement, Inc.

Redding, CA
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“SCED meets a critical demand for small business.”

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Know Opportunity

Redding, CA
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“SCED didn’t have their own agenda, and they were helpful throughout the entire process. They made it seem so easy.”

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Boundary Waters Screenprinting

Redding, CA
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“To be honest, we didn’t really do much, SCED did everything.”

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Taylor Made Landscaping

Redding, CA