EDFC participates in the USDA Rural Development Intermediary Relending  Program (IRP)

This loan program provides gap-financing and acts as a lender-of-last-resort to startup and existing businesses in Lake and Mendocino Counties who need capital and are creating jobs

  • Loan amounts range from $10,000 to $250,000
  • Loans will be collateralized (real estate and/or UCC filings on equipment)
  • Loan terms are from 1 to 10 years
  • Interest rates start as low as 6.5% (based on risk rating)
  • 25% non-federal match required

Loan costs and fees:

  • $100 Application Fee
  • 2.5% Underwriting Fee
  • Closing costs such as Title Insurance when applicable
  • May require enrollment fee for California Capital Access Program (loan loss reserve)

Eligible uses for loan funds:

  • Purchase of equipment, inventory, and real estate
  • Leasehold improvements
  • Working capital


Handing Money