Community Advantage (CA) is a pilot loan program introduced by the SBA to meet the credit, management, and technical assistance needs of small businesses in underserved markets. This program provides businesses within these markets loans that are $250,000 or less.
Building Success in Underserved Markets
- Easier to get approved
- Lower monthly payments
- Fixed Rates
- No balloon payments
Why Use Community Advantage
Loan size is too small. Banks do not consider small loans, while the CA program considers loans from $50,000 to $250,000.
No collateral to secure the loan. Banks will decline loans due to lack of collateral, whereas the CA program does not require collateral.
Start up businesses that have no track record of financial performance.