Loan Program

For nearly 40 years, RREDC has been making loans to small businesses in Humboldt County.

Over 180 businesses from all over Humboldt County have received loans from RREDC. Many well-known local businesses got their start or expanded with our help.  You can too!

Just give us a call at 445-9651 or email Virginia Fisher.

We Make Loans For:

  • Working Capital and Inventory
  • Starting Your Business
  • Buying a Business
  • Purchasing Real Estate
  • Buying Machinery, Equipment, Furniture, and Fixtures

Not sure what kind of loan you need?  The Northcoast Small Business Development Center can help you determine the type of loan that is best for your business.

ARE YOU BUYING A BUSINESS?

Purchasing an existing business is an excellent opportunity for you to achieve independence. Most business acquisitions combine a variety of loan purposes, such as inventory, equipment, working capital, and/or real estate. These combinations are very typical in a business purchase, and can be combined into a single loan.

The term for a business acquisition loan will vary, depending on the type of business and what you're buying.  We can finance up to 90% of the purchase price.

SHORT ON CASH OR INVENTORY?

Adequate working capital is a key ingredient for a successful and prosperous business, especially when starting a new business. Working capital provides the “cushion” of cash a business needs to cover expenses.  We can provide permanent working capital or lines of credit loans.

Inventory is also an essential component of most businesses. RREDC provides financing for inventory expansion and inventory purchases for existing or new businesses.

NEED TO BUY EQUIPMENT?

Most businesses need machinery and/or equipment to operate, whether it is office equipment such as computers, copiers, or fax machines or large industrial machinery. RREDC can finance almost any type of equipment and/or machinery (new and used).

Machinery and/or equipment loans require a 10% to 25% owner equity injection (down payment).

NEED A NEW BUILDING?

One of the biggest milestones a business can reach is owning its own building or expanding to a point where buying, constructing or renovating a new building is necessary. RREDC can help you find money for the purchase, construction, renovation and expansion of commercial real estate.

Equity injection (down payment) generally is between 10% and 25%, depending on a variety of factors.

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