Loan Program

Loans for Humboldt County Businesses



RREDC is implementing a COVID emergency bridge loan program. Our intent is to provide cash to allow basic business operations while a customer is applying to the U.S. Small Business Administration or other entity for long-term disaster relief.


  • Maximum loan amount is $25,000.
  • 2.5% interest rate.
  • 6-month payment deferral followed by 60 month fully amortized loan.
  • RREDC will file a blanket lien on business assets.
  • Personal guaranties will be required for businesses that are not sole proprietorships.
  • Credit reports will be required. RREDC will allow an applicant to self-report their credit with an appropriate source.

Other conditions of funding:

  • Customer must be enrolled with the Small Business Development Center.
  • RREDC prefers that customer also be applying to the SBA or other appropriate entity for long- term disaster loans. Payoff of the RREDC COVID BRIDGE LOAN should be included as an expense item in disaster loan application, if appropriate.

To apply:

Sign-up with the North Coast Small Business Development Center for assistance or contact your SBDC counselor for a referral.


Contact Virginia Salvi at [email protected] or Gregg Foster at [email protected].

Applications will be emailed to you along with a link to a secure document upload site.

For more information, email Virginia Fisher or Gregg Foster or visit

This program is made possible through partnerships with the Humboldt County Headwaters Fund, Humboldt Area Foundation, and City of Fortuna.


To help slow the spread of COVID-19, RREDC is closed to the public.

To ask a question or gain access to the building, please call Executive Director Gregg Foster at 496-3378.

You may also email us:

[email protected].

[email protected]

[email protected]

We Make Loans For:

  • Working Capital and Inventory

  • Starting a Business

  • Buying a Business

  • Purchasing Commercial Real Estate

  • Buying Machinery, Equipment, Furniture, and Fixtures

Not sure what kind of loan you need?  The Northcoast Small Business Development Center can help you determine the type of loan that is best for your business.


One of the biggest milestones a business can reach is buying its own building or expanding to a point where constructing or renovating a new building is necessary. RREDC can help you find money for the purchase, construction, renovation and expansion of commercial real estate.

Equity injection (down payment) generally is between 10% and 25%, depending on a variety of factors.


Adequate working capital is a key ingredient for a successful and prosperous business, especially when starting a new business. Working capital provides the “cushion” of cash a business needs to cover expenses.  We can working capital or lines of credit loans.

Inventory is also an essential component of most businesses. RREDC provides financing for inventory expansion and inventory purchases for existing or new businesses.


Most businesses need machinery and/or equipment to operate, computers or copiers, or even large industrial machinery. RREDC can finance almost any type of equipment and/or machinery (new and used).

Machinery and/or equipment loans require a 10% to 25% owner equity injection (down payment).


Purchasing an existing business is an excellent opportunity for you to achieve independence. Most business acquisitions combine a variety of loan purposes, such as inventory, equipment, working capital and/or real estate. These combinations are very typical in a business purchase and can be combined into a single loan.

The term for a business acquisition loan will vary depending on the type of business and what you’re buying.  We can finance up to 90% of the purchase price.