About Evergreen Community Development


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SBA 504 Loan Program Effective Interest Rate Q & A Featured 504 Loan CRF Loan Programs Featured CRF Loan Rural Loan Program Featured Rural Loan Loan Applications Loan Servicing Business Incubator Events Links Employment		About Evergreen Community Development America’s over 20 million small businesses employ more than 51% of the private workforce, generate more than 52% of the nation’s gross domestic product and are the principal source of new jobs. Founded in 1980, Evergreen Community Development Association is a private non-profit organization with a mission of economic development through small business finance. Evergreen acts as an intermediary for federal and non-profit alternative commercial loan programs to help create jobs and stimulate growth. Evergreen has helped create over 33,000 jobs during its 25+ year history. It has been involved in more than 1,600 projects – facilitating over 2 billion dollars worth of real estate and equipment transactions. Evergreen is authorized to administer the 504 loan program by the U.S. Small Business Administration (SBA) as a Certified Development Company (CDC). We serve the states of Alaska, Oregon, Washington, and the panhandle of Idaho, and are the largest CDC in the Pacific Northwest. The 504 program is a win-win program designed to help healthy and expanding small businesses finance the purchase of owner-occupied commercial real estate and major equipment and help lenders lower the risk of small business lending. Business benefit from long term, low fixed interest rates and up to 90% financing, helping them conserve money for further growth. Lenders profit through low loan-to-value ratios and the ability to gain additional revenue through the sale of the first mortgage. It also offers partnering lenders low loan-to-value and CRA credit. Congress mandates job creation and/or community development goals for the program. Evergreen offers financing from a Rural Loan Fund through the United States Department of Agriculture (USDA) in communities with populations of less than 25,000 in select counties of Washington State. Developed as a revolving loan fund to provide financing for smaller and emerging business in rural communities the program is designed to provide access to capital that otherwise might be difficult to obtain. It can provide gap financing in a junior lien position to create a bankable loan for a senior lender and also offers lender partners low loan-to-value and CRA credit. Evergreen offers several business loans in partnership with Community Reinvestment Fund, USA (CRF, USA). Similar to the SBA 504 program, eligible businesses can obtain loans with low interest rates and terms up to 25 years, creating a lower monthly payment and allowing borrowers to keep more cash in their businesses. The New Markets Tax Credit specifically targets businesses in qualified low income communities. Evergreen is also actively involved with other organizations to improve small business vitality in northwest communities, including: Alaska DECA Community Reinvestment Fund, USA NW Biofuel Association Oregon DECA SitkaWorks! Washington CASH Washington DECA Washington Economic Development Association Washington State University College of Business University of Washington Business School University of Washington Bothell Business Development Center SCORE U.S. Green Building Council Cascadia Chapter Alaska Chapter YouthForce Evergreen is an equal opportunity lender.