Finance Your Business

The EDC has partnered with the Economic Development & Financing Corporation (EDFC) of Mendocino to provide creative funding solutions for new or existing businesses with a regional Revolving Loan Fund. 1 million dollars is currently available in funds for Sonoma County small businesses with loans starting at $50,000 up to $250,000. Fixed interest rates start at 6% APR and terms range from 3-15 years. 

Click here for application materials and to apply.

For more information and assistance with the Revolving Loan Fund, contact Robert Gernert with EDFC at robert@edfc.org or (707) 234-5705. 

EDFC provides a critical link between the public and private sectors acting not just as a lender but also as an economic development organization. We work with a multitude of partners to develop plans and implement projects that support economic growth.

The EDC, in partnership with the California Enterprise Development Authority (CEDA), facilitates bond financing to help Sonoma County manufacturing/processing firms and local Non-Profits to expand. 

Industrial Revenue Bonds for Manufacturers

Industrial Development Bonds (IDBs) are tax-exempt securities issued by cities, counties, and joint powers authorities (JPAs), such as CEDA, to provide small- to medium-sized manufacturers money for land purchases, building construction, facility expansion, new production equipment acquisition, and solar and energy conservation retrofits. Benefits of IDB financing include below-market interest rates, long-term financing, and it is available statewide without limitations to specific areas or communities. Overall, IDB financing reduces total financing costs so more capital can be invested back into the organization’s operations.   

• Visit the CEDA website for more information about Industrial Revenue Bonds for Manufacturers

501c3 Revenue Bonds for Nonprofits

501(c)(3) revenue bond financing facilitates land and building acquisition, building construction, and refinancing of prior debt (for eligible capital projects). Benefits of this type of financing include below-market interest rates, long-term financing, and it is available statewide without limitations to specific areas or communities. A 501(c)(3) revenue bond is preferred over a conventional loan because the interest is tax-exempt and therefore the interest rate is significantly lower than bank financing. Over a long period of time, this can mean substantial savings to the borrower, depending on the amount financed, and reduces total financing costs so more capital can be invested back into the organization’s operations.

• The Humane Society of Sonoma County recently used these bonds to expand their facilities and open the new Healdsburg Center for Animals in 2016. 
• Visit the CEDA website for information about Industrial Revenue Bonds for Non-Profits

About CEDA

CEDA was established as a Joint Powers Authority (JPA) by the California Association for Local Economic Development (CALED) to address gaps in economic development financing. Specifically, CEDA’s goal is to issue bonds for small to medium-sized California manufacturers or nonprofits looking to grow or expand, and in some cases refinance