What is RADA CIC?
RCIC is a City of Raleigh and Bank funded small business loan fund that has a particular focus on providing loans to existing small businesses located within the city. We provide collatorized loans from $15,000 to $75,000. Our loans must fit the organization’s lending criteria and objectives as a tax-exempt community investment entity.
While the Purpose of the RADA commercial loan fund is to deploy funds into commercial lending opportunities, the Objective is to deploy funds that foster local economic growth, job creation and help facilitate financing for certain borrowers who may be credit-worthy but otherwise unable to secure traditional bank financing.
This objective supports RADA’s overall mission by providing assistance to business owners who may also be classified as low to moderate income individuals, or business owners whose businesses are located in, or have the ability to serve, low to moderate income markets. Loans from the program can be used to help small businesses with such things as buying new equipment, buying or renovating commercial space and general working capital needs. All loan requests must go through an Application and Approval process. See the inside of this brochure for more product information.
RADA Community Investment Corporation
4030 Wake Forest Road, Suite 209
Raleigh, NC 27609
Tel (919) 208-2380
Fax (919) 665-5431
RADA Renewable Energy African American Land Project (REAAL)
The RADA Renewable Energy African American Land Project (REAAL) is focused on assisting land owners with generating income from their properties related to the production of renewable energy, including solar energy and biogas / biomass projects. If you own at least 25 acres of land, or would like for us to contact someone that you Read More>>