Loan Guaranty

The Commonwealth Development Authority (CDA) leverages its limited resources by partnering with banks and other finance institutions in funding local business ventures. CDA's guaranty reduces the bank's risk and helps the business qualify for financing that would not otherwise be available.  The bank approves the loan with CDA guaranteeing up to 90% of the total loan.

The Loan Guaranty Program is subject to the same terms, underwriting criteria and eligibility requirements as the Microloan Program. Interest rates are set at the bank's prevailing rate.

Speak with a commercial loan officer at any participating bank or finance institution to learn how the CDA Loan Guaranty Program can help make your business financing possible.