-
“When you’re running a practice and buying a building at the same time, you need people you can trust..”
Deb Telles
Cardiovascular Associates -
“The bank and CDC were amazing. Their teamwork exceeded my expectations and they bought into our dreams..”
Salvador Garcia
Owner
Graphicom Digital -
“With interest rates low and building costs rising, the timing seemed right to buy our own building..”
Randy Mintz
Owner
Z Sports -
“I partnered with CDC because they have the expertise to provide immediate answers for my clients..”
Richard Willner
Business Community Capital -
“The people at CDC held our hands as we walked through the SBA process..”
Gurchuran “Gogy” Sandher
Owner
Saagar Fine Cuisine -
“My bank suggested SBA-504 financing because of the low down-payment, which allowed me to save my cash for the business..”
Jim Tankersley
Owner
Laser-Tronics -
“I use the 504 program because it’s good for my clients. I use CDC Small Business Finance because they’re reliable and provide excellent service..”
Lan Ward
Senior Vice President
California Bank & Trust -
“CDC was the key to us getting what we consider a ‘killer’ deal. CDC staff were honest, straightforward and always quick to respond..”
Randy Ling Tan
General Manager
G.L. Food Wholesales -
“CDC Small Business Finance provided a turnkey solution and timely service..”
Brett Noss
Chief Financial Officer
Advantage Mailing -
“We were confident in our business plan and put our faith in the high-energy people at CDC..”
Kayla Sharp
Chief Executive Officer
Spectre Industries
Community Advantage Loan
Community Advantage is an excellent choice when you have clients who want a loan between $50,000 and $250,000, but are just not up to bank standards. Perhaps it’s due to collateral available, low cash flow, credit history slips, debt leverage ratio that’s too high or a combination of these. Community Advantage loans enable you to keep your depository relationships and still meet your clients’ needs. CDC is not a depository institution.
The loan can be used to start or expand a business. The SBA guarantees a portion of each loan. Your clients must show their ability to repay the full loan amount and meet other guidelines to be eligible for a Community Advantage loan.
We can make Community Advantage loans throughout California, Arizona and Nevada.
Your Clients Can Watch This Video To See If They Qualify
Terms and Conditions:
• Maximum Loan Amount: $250,000
• Terms: 7-10 years for working capital, inventory, business acquisitions, tenant improvements, and start-up expenses
• Terms: 25 years for real estate
• Interest Rate: Prime + (2.75% to 4%), variable
• No pre-payment penalties
Eligibility:
• Credit: Must have a reasonable personal credit score and an acceptable explanation for any derogatory marks for principal borrowers.
• Capital Injection: Borrowers must inject 30% of total project costs for start-up businesses, 20% for business acquisition financing.
• Collateral: Borrowers are required to pledge available collateral. Insufficient collateral will not preclude borrower from obtaining financing.
• Secondary sources of repayment:
– Historical business cash flow sufficient to service requested debt
– Cash flow ability based on reasonable projections
– Collateral equal or close to the loan amount
– Outside income source
– Co-signer with reasonable credit and income to repay the loan
• Start-up businesses: Borrowers must inject 30% of total project costs and provide a business plan and financial projections for business.
• Experience: Business owners must have at least 2 years of experience in the industry and show historical earnings sufficient to cover personal living expenses.
For assistance and more information:
Susan Lamping Stacey Sanchez
Sr. Community Loan Officer Sr. Community Loan Officer
(619) 243-8639 (714) 918-0886
slamping@cdcloans.com ssanchez@cdcloans.com
