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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).


J. Christopher Webb

Chief of Community Advantage

Office of Economic Opportunity

United States Small Business Administration

Washington, DC 20416

Phone | (202) 619-0628

Cell phone | (202) 710-5133

Email |

Daniel Upham

Chief, Microenterprise Development Division

Office of Capital Access

United States Small Business Administration

Washington, DC 20416

Phone | (202) 205-7001

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 Capital Solutions LLC (FKA Birmingham City Wide LDC)
ALASKAEvergreen Business Capital

Business Development Finance Corporation

CDC Small Business Finance Corporation


Arcata Economic Development Corporation

California Coastal CDC

California Statewide CDC

CDC Small Business Finance Corporation

TMC Financing

COLORADO Colorado Lending Source

Community Investment Corporation


Florida Business Development Corporation

Florida First Capital Finance Corporation

Sunshine State Economic Development Corporation (SEDCO)


Coastal Area District Development Authority (CADDA)

Georgia Small Business Capital

Small Business Access Partners

Small Business Assistance Corporation

HAWAIICDC Small Business Finance Corporation
ILLINOIS SomerCor 504, Inc.
IDAHOCDC Small Business Finance Corporation
KANSAS South Central Kansas Economic Development District
KENTUCKY Community Ventures Corp.
Southeast Kentucky Economic Dev. Corp.

Business Finance Group

Prince George's Financial Services Corp.

MAINE Eastern Maine Development Corp.

Cape & Island Community Development, Inc.

South Eastern EDC (SEED Corp.)

MICHIGANCDC Small Business Finance Corporation
NEVADACalifornia Statewide CDC

Regional Business Assistance Corporation (RBAC)

Trenton Business Assistance Corporation



Capital CDC

CDC Small Business Finance Corporation

NEW YORK Empire State Certified Development Corporation 
NORTH CAROLINA Carolina Business Capital
NORTH DAKOTA Dakota Business Lending

Growth Capital Corp.

Mahoning Valley EDC


CDC Small Business Finance Corporation

Evergreen Business Capital

PENNSYLVANIA Regional Development Funding Corp.
SOUTH CAROLINA CDC of South Carolina 
TENNESSEE Brightbridge, Inc.

BCL of Texas

CDC Small Business Finance Corporation

Central Texas CDC

Capital CDC

UTAH Mountain West Small Business Finance

Business Finance Group

VERMONT Vermont 504 Corporation
WASHINGTON Evergreen Business Capital
WISCONSINCDC Small Business Finance Corporation

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.
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