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The Lowest-cost Working Capital Loans under $250,000

The Community Advantage Loan Program is a loan program that allows businesses to build success in underserved markets, such as businesses who:
  • have limited financial resources;
  • are located in an underserved community;
  • need management and technical assistance;
  • are start-ups and in business less than three years; and
  • are interested in opportunities for growth.
Community Advantage is an excellent loan choice for new and existing businesses that need between $50,000 and $250,000 in business capital. The loan can be used to start or expand your business. The SBA guarantees a portion of each loan. This makes it possible to extend financing that may not be available through banks. Applicants must show their ability to repay the full loan amount and meet other guidelines to be eligible for a Community Advantage loan.

Want to find a Community Advantage lender? List is below!

Photographed above: Top Left - Ingham’s Powder Coating, Lancaster, PA (EDC Finance Corporation) | Center Left - Seven Seas Home Leisure Center, Clarion, PA (ABCD Corporation) | Bottom Left - 1UpSports Austin, Texas (Texas Certified Development Company) | Right - PESCM, San Rafael, CA (TMC Financing)

Terms and Conditions

Maximum Loan Amount $250,000
Maximum Interest Rate Prime + 2.75 to 6%, variable
Terms 25 years for Real Estate

7-10 years for working capital, inventory, business acquisitions, tenant improvements, and start-up expenses
Percent of Guaranty 85% guaranty for loans of $150,000 or less
75% guaranty for loans of $150,000 or more
Maturity Generally depends on borrower repayment ability. Maximum 10 years for working capital; and up to 25 years/or life of the asset for fixed asset purchase or refinance.
Use of Proceeds Loans may not be used for revolving lines of credit, otherwise funds may be used for any normal business purpose, except those specifically prohibited by Small Business Administration (SBA).


Jamie Davenport

Supervisory Financial Analyst

Office of Economic Opportunity

United States Small Business Administration

Washington, DC 20416

Phone | (202) 205-7516

Cell phone | (202) 246-2417

Email |

Onica E Browne

Financial Analyst

Office of Economic Opportunity

United States Small Business Administration

Washington, DC 20416

Phone | 1-202-205-7648

Fax | 1-202-292-3835

Email |

Much of above content borrowed from SBA resources. More information available on the SBA website.

Participating CDC Members

View the list below to see whether there are any Community Advantage participants in your state! Then, look them up in our CDC directory for contact information.


ALABAMA Alabama Small Business Capital
ARIZONA Business Development Finance Corporation

California Statewide CDC

CDC Small Business Finance Corporation

Landmark CDC

TMC Financing

COLORADO Colorado Lending Source

Community Investment Corporation


Florida Business Development Company

GulfCoast Business Finance Inc.


Coastal Area District Development Authority (CADDA)

Georgia Small Business Capital

Small Business Assistance Corporation

ILLINOIS SomerCor 504, Inc.
KENTUCKY Community Ventures Corp.
Southeast Kentucky Economic Dev. Corp.
MARYLAND Prince George's Financial Services Corp.
MAINE Coastal Enterprises
Eastern Maine Development Corp.

Cape & Island Community Development, Inc.

South Eastern EDC (SEED Corp.)



NEW YORK Empire State Certified Development Corporation 

Growth Capital Corp.

Mahoning Valley EDC

OREGON CCD Business Development Corp.
PENNSYLVANIA Regional Development Funding Corp.

Community Investment Corporation

SOUTH CAROLINA Appalachian Dev. Corp. 
TENNESSEE Brightbridge, Inc.

ACCION Capital Certified Development Corporation
BCL of Texas

Capital CDC

UTAH Mountain West Small Business Finance

Business Finance Group

Rappahonnock EDC
REDC Community Capital Group, Inc.

VERMONT Northern Community Investment Corporation
WASHINGTON Evergreen Business Capital
WISCONSIN Milwaukee Economic Development Corp.

Are you a CDC that would like to participate in the Community Advantage program? Please login and visit our informational page to get started on the application process.

1725 Desales St. NW, Suite 504
Washington, DC 20036

CLICK HERE to submit a general inquiry to be forwarded to the appropriate individual on-staff.
(202) 349-0070

Ext.14 Claire O'Rourke
Ext. 16 Rhonda Pointon
Ext. 17 Denise Ripley
Ext. 18 Mandy Robertson
Ext. 19 Heather McNelis

View staff information
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