Since 1978, the CDC has helped over 350 Allen County businesses create over 2,100 jobs. Loans from the CDC can be combined with a loan from a bank. Or, in some cases, loans can be made directly to the business without a matching loan from a bank. CDC loans can be used to finance land a building new construction renovations equipment working capital Most of the programs we operate offer a fixed interest rate for the term of the loan. CDC funds cannot be used to refinance debt.
Loans have an application fee.
CDC loans are generally secured by fixed business assets such as real estate, equipment, inventory, and accounts receivable. All loans require the personal guarantee of the owners. The CDC does not finance investment real estate such as apartments or shopping centers.