At a glance
From its website, read 2 Nov 2026Arcata Economic Development Corporation is a loan fund based in Eureka, California. Its website describes commercial real estate loans, microloans and small-business loans. Where it lends: Six Northern California counties: Del Norte, Humboldt, Mendocino, Lake, Siskiyou and Trinity. Business loan rates stated on its site range from 6.614% to 6.984%. You can start an application online.
Each point is backed by a quote further down this page. Terms change: confirm with the lender.
How to reach them and apply
| Apply online | Page with the application link |
|---|---|
| Website | www.northedgefinancing.org |
| Office (official list) | 707 K Street, Eureka, CA 95501 |
What their website says about applying
In our free consultation, one of our loan officers will ask you about your business dreams and share more about what opportunities might be available for you.
sourceBusiness Plan for new businesses or expansions.
source3 years of personal and business tax returns, if applicable.
sourceWhen you’re ready, you can apply on our secure online portal.
source
Phone numbers and addresses are the ones on the lender's own site and the CDFI Fund list. CDFI Atlas does not take applications.
Rates and terms they state
Read 2 Nov 2026| Loan | Stated | Text on the lender's site (verbatim) | Page |
|---|---|---|---|
| SBA-backed loans (7(a)/504/Community Advantage) | Rate: 6.614% | 10-year loan: 6.614% | source |
| SBA-backed loans (7(a)/504/Community Advantage) | Rate: 6.98% | 20-year loan: 6.980% | source |
| SBA-backed loans (7(a)/504/Community Advantage) | Rate: 6.984% | 25-year loan: 6.984% | source |
As published on the lender's website on that date, not an offer or a quote. Your rate depends on the lender's review. A missing rate means the pages we read did not state one. For consumer loans we repeat a rate only when the lender states it as an APR (annual percentage rate, which includes fees); otherwise read the lender's own wording and ask for the APR.
Official record
CDFI Fund list, 21 Oct 2026| Institution type | Loan fund |
|---|---|
| Native CDFI | No |
| Date certified (as listed) | 10 Jul 2025 |
| RSSD ID | — (none listed) |
| Address | 707 K Street, Eureka, CA 95501 Directions (Google Maps) |
| Website | www.northedgefinancing.org |
Head officeBranch or officeApproximate (ZIP code area)
Map data © OpenStreetMap contributors, © OpenMapTiles, tiles OpenFreeMap. Head-office points: U.S. Census Bureau geocoder.
Loans and eligibility
Verified from lender site on 2 Nov 2026Read from 6 pages of the lender's website on 2 Nov 2026. Quotes are verbatim. Extracted with AI help from the pages listed below and checked automatically against them. Not reviewed by a person. Confidence: high. The FAQ says Shasta County is served only sometimes, and the lender was formerly named Arcata Economic Development Corporation. Terms change — confirm with the lender before applying.
| Product | Amount stated | Text on the lender's site (verbatim, incl. menu labels) | Page |
|---|---|---|---|
| Commercial real estate loans | $50,000 – $5M | The loan amount ranges from $50,000 to $5M for the SBA portion of the loan. | source |
| Microloans | $5,000 – $50,000 | Microloans ranging from $5,000 to $50,000 can be used for: | source |
| Small-business loans | $10,000 – $350,000 | Loan amounts range from $10,000 to $350,000 or more. | source |
Loan sizes
Service area
Six Northern California counties: Del Norte, Humboldt, Mendocino, Lake, Siskiyou and Trinity
North Edge (formerly known as AEDC ) provides business financing and community development throughout Del Norte, Humboldt, Mendocino, Lake, Siskiyou, and Trinity Counties.
source
Counties this matches: Del Norte County, CA, Humboldt County, CA, Lake County, CA, Mendocino County, CA, Siskiyou County, CA, Trinity County, CA
Borrower focus
- Minority / BIPOC
For minority-owned businesses or entrepreneurs who don’t qualify for loans from traditional lenders
source
Languages
- No non-English service found on the pages we read.
Online application
Yes — the site links to an application. When you’re ready, you can apply on our secure online portal.
source
Questions to ask when you contact them
Based on what their website said when we read it on 2 Nov 2026, and what it left out. Something missing here does not mean they don't offer it: ask.
- What are the smallest and the largest loans you make?
No loan amounts are stated on their website. - Do you need collateral, a business plan or a minimum time in business?
Their website does not say what they require. - How long can I take to repay?
No repayment terms are stated on their website. - Do you offer free coaching or help preparing my application?
CDFI certification requires development services, such as training or advice, alongside lending. - What documents will you need from me, and how long does a decision usually take?
Their website describes some application steps (above); ask for the full document list.
Write down the answers, who you spoke to and the date, and ask for the terms in writing before you sign.
CDFI Fund awards
CDFI Fund database, 3 Nov 2026$3.8 million in 8 awards from the U.S. Treasury's CDFI Fund, 2003–2022 (4 programs).
| Round year | Program | Amount |
|---|---|---|
| 2022 | CDFI Equitable Recovery Program | $500,000 |
| 2021 | CDFI Program, Financial Assistance | $500,000 |
| 2021 | CDFI Rapid Response Program | $1,826,265 |
| 2010 | CDFI Program, Financial Assistance | $750,000 |
| 2008 | CDFI Program, Technical Assistance | $97,728 |
| 2005 | CDFI Program, Technical Assistance | $36,060 |
| 2004 | CDFI Program, Technical Assistance | $28,500 |
| 2003 | CDFI Program, Technical Assistance | $50,000 |
These are awards and investments made to the institution itself to build its capital and capacity. They are not loans to borrowers, and an award does not mean the lender has money available for a particular loan today.
Source: CDFI Fund Searchable Awards Database, all 12,628 award records (1996–2025), read 3 Nov 2026. Years are the award round as the database lists it. Matched to the official CDFI list by exact name and state; see the method on the About page.
Size of the fund (IRS Form 990)
Fiscal year ending Jun 2024| Total assets | $14.5M |
|---|---|
| Total liabilities | $8.2M |
| Net assets | $6.3M |
| Total revenue | $5.3M |
| Notes and loans receivable, net (Part X line 7) | $7.3M |
End-of-year figures from the Form 990 this organisation filed with the IRS for the fiscal year ending June 2024 (tax year 2023; EIN 94-2674882, filed as “ARCATA ECONOMIC DEVELOPMENT CORPORATION”), taken from the IRS Annual Extract of Tax-Exempt Organization Financial Data (returns processed in 2024). Figures are self-reported to the IRS, not audited by us, and lag one to two years behind today. The lender’s own annual report may show newer numbers. This organisation’s filings on ProPublica Nonprofit Explorer
Filings over time
| Fiscal year ending | Total assets | Net assets | Revenue | Notes and loans receivable |
|---|---|---|---|---|
| Jun 2022 (990) | $14.1M | $4.3M | $2.2M | $5.4M |
| Jun 2023 (990) | $14.2M | $5.5M | $3.4M | $6.4M |
| Jun 2024 (990) | $14.5M | $6.3M | $5.3M | $7.3M |
Total assets grew 3% from Jun 2022 to Jun 2024; notes and loans receivable rose 35%. One row per fiscal year in the IRS extracts of returns processed in 2022, 2023, 2024; “—” = the line was empty or zero on that return (a fund can book its loans on other lines).
How it compares
Computed from public data| Measure | This lender | Compared with |
|---|---|---|
| Median SBA 7(a) loan it approved, FY2020–FY2026 | $84,000 (10 loans) | All 7(a) lenders in California: $270,000. Larger than the median loan of 11% of the 97 other certified CDFIs with 10 or more 7(a) loans. |
| SBA approvals, FY2023–24 → FY2025–26 | 13 → 12 | Rank among the 21 certified CDFIs in California with SBA approvals in either period: 6 → 7. |
| Total assets, latest IRS Form 990 | $14.5M | Larger than 38% of the 47 other certified loan funds and venture funds in California with a matched Form 990 (median $18.6M). |
| Business loan rate its website stated (2 Nov 2026) | 6.61% to 6.98% | Prime rate that day: 7.00% (FRED DPRIME), so the lowest stated rate is 0.39 pts below prime. For an SBA 7(a) variable-rate loan the legal maximum is prime plus 3 to 6.5 points, by loan size. |
How these comparisons were worked out
| Measure | Peer group (this lender left out) | Peers | Where this lender sits |
|---|---|---|---|
| Median SBA 7(a) loan | certified CDFIs with 10+ 7(a) loans, nationwide | 97 | larger than 11% |
| SBA approvals then vs now | certified CDFIs in California with SBA approvals FY2023–2026 | 20 | rank 6 → 7 of 21 |
| Form 990 total assets | certified loan and venture funds with a Form 990, in California | 47 | larger than 38% |
“Larger than X%” = the share of the peer group with a smaller value. Ranks count from the largest. Peer groups use the lender's home state when it has at least 5 peers, otherwise the whole country. Full definitions: methodology.
For comparison, not an offer and not a rating. Past records show what this lender did, not what you would be offered; your rate depends on the loan and on the lender's review. Peer groups and sources: methodology. SBA 7(a) & 504 FOIA data as of 30 Sep 2026. Form 990 figures: IRS annual extracts (see the Form 990 section). Prime rate: FRED DPRIME.
SBA loans approved
SBA data as of 30 Sep 2026The SBA's public loan data lists 34 SBA-backed approvals for Arcata Economic Development Corporation in fiscal years 2020–2026 (October 2019 to September 2026):
- 10 7(a) loans as the lender: $1.1M in total (gross amount approved), median $84,000
- 24 504 loans as the Certified Development Company (CDC): $14.9M in total (CDC (SBA-backed) portion approved), median $279,000
By fiscal year: FY2020 1 · FY2021 6 · FY2022 2 · FY2023 9 · FY2024 4 · FY2025 7 · FY2026 5.
What actually happened
- Size of its 7(a) loans: half were between $50,250 and $142,500, median $84,000 (10 loans)
- Size of its 504 loans (the CDC's SBA-backed portion): half were between $192,250 and $1.1M, median $279,000 (24 loans)
- Term of its 7(a) loans: median 120 months (10 years) (10 loans)
- Term of its 504 loans (the CDC's SBA-backed portion): median 300 months (25 years) (24 loans)
- Fixed or variable: 100% of its 7(a) loans had a fixed rate (10 loans)
- Young businesses: 60% of its 7(a) loans went to a startup or a business two years old or less (10 loans with an answer)
Descriptive only: what the SBA file records for loans this lender approved in fiscal years 2020–2026. Each figure covers at least 10 loans; with fewer we show nothing. It is not an offer, not the rate or term you would get, and says nothing about your chance of approval.
By program
- 504 loans (as the Certified Development Company) (24, 71%)
- 7(a) Community Advantage (5, 15%)
- 7(a) standard (5, 15%)
Borrower industries
NAICS sector, 3 or more loans.
- Accommodation and food services (12)
- Retail trade (5)
- Other services (except public administration) (3)
- Manufacturing (3)
- Health care and social assistance (3)
Where borrowers are
County of the borrower's ZIP code, 3 or more loans.
- Humboldt County, CA (26)
- Mendocino County, CA (4)
How this lender was matched in the SBA files: SBA CDC ID 0188296: same name, state and city (SBA lists “Arcata Economic Development Corporation”); SBA lender ID 0188296: same name, state and city (SBA lists “Arcata Economic Development Corporation”).
Approved is not the same as paid out: an approved loan can be reduced or never drawn. SBA lists the lender each loan is currently assigned to, which can differ after a merger or loan sale. Arcata Economic Development Corporation may also make loans outside SBA programs, which are not counted here, and SBA Microloans are not in these files. For 504 projects, the CDC amount is the SBA-backed portion and the third-party lender amount is that lender's own first-lien loan.
Source: U.S. Small Business Administration, 7(a) & 504 FOIA loan data, files as of 30 Sep 2026, downloaded 3 Nov 2026. Our counts, cancelled approvals left out. How we match lenders.
Other certified CDFIs in Eureka and California
- Coast Central Credit UnionCredit union · Eureka, CAAuto / vehicle loans, Energy / solar / efficiency loans, Home mortgagesVerified
- REDWOOD CAPITAL BANCORPBank holding company · Eureka, CAOfficial list only
- REDWOOD CAPITAL BANKBank or thrift · Eureka, CAOfficial list only
- AccessityLoan fund · San Diego, CASmall-business loansVerified
- Accion Opportunity Fund Community DevelopmentLoan fund · San Jose, CAEquipment loans, SBA-backed loans (7(a)/504/Community Advantage), Small-business loansVerified
- AltaOne Federal Credit UnionCredit union · Ridgecrest, CAAuto / vehicle loans, Commercial real estate loans, Credit-builder loans, Equipment loans…Verified
Work at Arcata Economic Development Corporation? Link to this page
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