boats in harbor
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Loan Program

For nearly 40 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 $18 million in loans from RREDC. Many well-known local businesses got their start or expanded with our help.

Buying or Expanding a Business?
 We can finance up to 90% of the overall project cost on business acquisition and expansion loans. These loans can be made for a variety of purposes such as business acquisition, inventory, equipment, working capital, and/or commercial real estate.
  • Loan amounts range from $10,000 to $1.1 million.
  • Loan term varies with purpose of the loan. Loan terms range from 5 years for working capital or inventory to 25 years for real estate purchases.
  • Interest rates are fixed at 9% to 10%.

Need a
Line of Credit?
We can provide lines of credit that can be used for inventory and seasonal working capital requirements.

Need to Refinance Existing Debt?
We can refinance existing debt or accounts payable if it will result in an improvement in business cash flow and help save jobs.
Want more information? Email Virginia Fisher 

RREDC Loan Application (pdf document)
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



In 2000 when I began planning to purchase a lot and build a custom tofu-manufacturing plant in Arcata's Aldergrove Industrial Park, RREDC provided invaluable professional advice and moral support during the business plan phase, and ultimately, supplemental financing to make the plan a reality. Their continued support since has helped Tofu Shop Specialty Foods survive and thrive.

Matthew Schmit - President
The Tofu Shop Specialty Foods Arcata

 Without RREDC the loan for our business would not be possible. Thanks to them we are in operation today. Thank you for your help.

Debbra Sweet
Partrick's Candy, Eureka

Thanks to RREDC we were able to acquire the additional necessary money we needed to help capitalize our new business venture after all efforts through commercial lenders were exhausted. RREDC was also very helpful in assisting us with our business plan. All of their personnel are wonderful to work with.

Stephen Martinez
The Forks – Willow Creek

North Coast Audiology

I literally wouldn't be a business owner without the help of RREDC. I was in an unique situation where I didn't qualify for a bank loan and RREDC took a chance on me. I have now owned my audiology practice for nearly 5 years!

Julie Kelly, Au.D
North Coast Audiology

The Redwood Region Economic Development Commission has been very responsive to individuals and businesses that we have referred to them. The staff is both knowledgable and caring. We have no reservations recommending RREDC to our clients who can benefit from their services.

John Dalby - President, CEO
Redwood Capital Bank

We were in the midst of a difficult $1,000,000 renovation project after our building got red-tagged for earthquake safety.  Banks were leery of loaning to us because our non-profit income stream did not look dependable to them.  RREDC had a wider vision and came through for us at a critical moment.

Bobbi Ricca - Administrative Director
Dell Arte - Blue Lake

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