SBA Rates 5.783% 10yr 6.136% 20yr 6.067% 25yr | SBA Refi Rates 5.819% 10yr 6.057% 20yr 6.096% 25yr | Prime Rate 7.00%
Non-SBA Loan Process
Step 1
Determine Eligibility
Complete the Eligibility Form and a Loan Specialist will be in contact to discuss your project in detail.
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You may also book an appointment with a Loan Specialist to fast track your loan inquiry.
Step 3
Board Review
Once the application documents have been reviewed, the Loan Specialist will submit the loan package to the CDC Board of Directors. If approved, a commitment fee of 1% of the CDC loan amount will be due.
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The CDC Board meets virtually every week (Tuesday - Thursday).
Step 2
Complete Application and Submit Application Fee
Complete and submit the application documents to your Loan Specialist. Below is a list of the documents required for application.
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An application fee is due at time of application ($100 non-refundable)
Step 4
​Loan Approval
If your loan request is approved by our Board, our Loan Specialist will review the Loan Commitment with you.
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This commitment letter will review the loan approval, loan terms and sets the time period you will have to close the loan (extension for the loan commitment can be provided if your project may exceed this commitment period).