Direct Loan Program

The Commonwealth Development Authority offers agricultural, marine, and commercial loans to qualified applicants.

The maximum term on direct loans is 30 years. The interest rate on agricultural and marine loans is 4.5%, fixed while the rate on commercial loans is 7%, fixed.

Loan Guarantee Program

The Commonwealth Development Authority leverages its limited resources by soliciting the participation of commercial lending institutions in funding business ventures for local entrepreneurs. Under the guarantee program, the bank grants and disburses the loan which CDA can guarantee up to 90% of the total term loan or revolving line of credit. The banks that are very receptive of the program and are currently doing business with CDA are Bank of Guam, Bank of Hawaii, Bank of Saipan, and City Trust Bank. Other banks have expressed interest, but have yet to participate.

Guaranteed loans and revolving lines of credit facilities are evaluated and must meet the same underwriting criterias and eligibility requirements as direct loans with CDA.