SCED Business Loans

 

SCED Business Loan Program

SCED’s financing program is designed to accommodate Shasta, Siskiyou, Modoc, and Trinity County businesses with loans of all sizes for all kinds of needs.

SCED’s loans prepare businesses to grow, expand, create jobs and strengthen our regional economy.

  • Loans up to $250,000 to purchase an existing business, machinery and equipment, inventory, land and buildings.

  • Applicant must be an established for-profit business, demonstrate the ability to repay the loan from business profits and must prove the capacity to create or retain jobs.

How can I use the funds from my business loan?

  • Purchase owner-occupied commercial real estate

  • Purchase machinery & equipment

  • Purchase inventory

  • Business acquisition

Could a business loan from SCED be right for me?

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

Qualifications for a Business Loan:

  • Be located in Shasta, Siskiyou, Modoc, or Trinity Counties

  • Be for profit

  • Demonstrate the ability to repay the loan from business-generated profits

  • Create or retain jobs with the loan funds

We Have Several Programs Offering:

  • Financing up to $250,000

  • Fixed interest rates

  • Longer loan terms to keep your payments low