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For 25 years, RREDC has been making loans to small businesses in Humboldt County.
Over 180 businesses from Garberville to Willow Creek to Orick and everywhere in between have received over $15 million in loans from RREDC. Many well-known local businesses got their start or expanded with our help.
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RREDC is an “Economic Development Lender”. Therefore, the loans we make should have an economic development purpose, such as:
- Building our economic base by increasing the amount of goods and services sold outside Humboldt County
- Creating or retaining good-paying jobs
- Improving blighted areas
- Bringing business to underserved areas
We are also a "gap" lender. This means that we are not allowed to compete with banks and other private lending institutions. Our customers must have a financing "gap" that cannot be filled by a private lender. This can be a denial of a loan request or the need for additional financing not provided by the private institution. |
Our loan fund was created in 1978 with a grant from the U.S. Department of Commerce, Economic Development Administration (EDA).
Click Here for the EDA Website
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| RREDC 520 E Street, Eureka, Ca., 95501
Phone: 707-445-9651 FAX: 707-445-9652 | |
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