NEWS - Banking & Finance

SBJ Staff Report

When local businesses are looking for financial help to launch a business or expand an existing company, multile sources of helps exists, including the Coastal Area District Development Authority (CADDA), founded in 1976. (The Savannah Business Journal featured assistance available from the Small Business Assistance Corp. in its Aug. 2, 2010 issue.)

But the Coastal Area Development Authority is another certified development company with offices in Savannah and Brunswick, that is ready to serve business owners in the Coastal Georgia region. 

Like the Small Business Assistance Corp (SBAC), the Coastal Area District Development Authority (CADDA) can support what are termed 7A Guaranty Loan Programs, which are federal SBA 504 Loan Programs and Revolving Loan programs that are similar to SBAC loan programs.

CADDA has offices in Savannah office is at 1 Bull St, and in the Brunswick area at 501 Gloucester Street. Suite. 201, Brunswick. CADDA's service area for the SBA 504 market includes the entire state of Georgia , North Florida, and lower South Carolina.

Over the past five years, CADDA has done three times the volume in job creation and dollars, using the federal SBA programs, of the Small Business Assistance Corp, which people may not realize, according to Andrew Standard CEO of CADDA.