What is Ameritrust CDC?
Ameritrust CDC operates as a Certified Development Company dedicated to fostering small business profitability within Washington State. The organization specializes in providing low-cost, fixed-rate commercial real estate financing via the Small Business Administration (SBA) 504 Loan Program. This program facilitates financing for up to 90% of project costs, covering the acquisition or construction of commercial real estate and essential equipment. As a regional economic development entity, Ameritrust CDC manages and services these loans, ensuring a personalized approach to client support. With a track record spanning over 25 years, the company has been instrumental in assisting numerous small businesses in securing their long-term financial stability.
How much funding has Ameritrust CDC raised?
Ameritrust CDC has raised a total of $150K across 1 funding round:
Debt
$150K
Debt (2020): $150K with participation from PPP
What's next for Ameritrust CDC?
The substantial capital infusion, particularly the recent strategic investment, positions Ameritrust CDC for continued expansion and enhanced service delivery. Given its late-stage funding context, the company is likely focused on scaling its operations, potentially expanding its reach within Washington State or developing new financing products to further support small businesses. This strategic backing will enable Ameritrust CDC to solidify its role as a key economic driver, reinforcing its commitment to facilitating commercial real estate and equipment financing for entrepreneurs.
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