CEDA California Enterprise Development Authority: Manufacturing only

CEDA provides below market-rate second mortgages and tax-exempt industrial development bonds to purchase land, building or equipment.

Typically, a bank requires a business to have 25% downpayment. With CEDA funds, this can be reduced to 15%.

Typically, CEDA funds are used to enable a business to move to a larger facility, with total loan needs ranging from $2 million to $10 million. The company must be credit-worthy.

For further information, contact CALED at (916) 448-8252 or visit California Enterprise Development Authority's website