-
“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
SBA Microloan
Loans up to $50,000. Include post-loan technical assistance.
Eligibility
For businesses that have been established for at least 2 years:
- Positive cash flow
- Reasonable credit with acceptable explanation for any derogatory marks
- Collateral equal to loan amount or co-signer with reasonable credit and income to repay loan
- Minimum two years experience in industry
For start-up businesses:
- Two years of experience in the industry
- Capital injection of 25% of project
- Reasonable credit
- Secondary source of repayment- either collateral equal to loan amount or co-signer with reasonable credit and income to repay loan
- Historical earnings sufficient to cover personal living expenses
- Acceptable business plan with projections and assumptions upon which the projections are based
Terms and Conditions:
- Maximum loan amount – $50,000
- Terms – 3 to 5 years
- Interest rate – Prime + 3.5% (fixed)
Technical Assistance Requirement
As part of the Micro Loan Program, the SBA requires that the borrower receive some type of Technical Assistance (TA) or business counseling after the loan is funded. CDC offers six one-on-one business counseling sessions (one a month) by one of CDC’s approved business consultants to ensure that our borrowers have the skills they need to succeed in their business.
For assistance and more information:
Susan Lamping Kaitlan Hammock Stacey Sanchez Carla Ulloa, Hablo Español
Sr. Community Loan Officer Loan Assistant Sr. Community Loan Officer Community Loan Specialist
(619) 243-8639 (619) 243-8657 (714) 918-0886 (951) 905-5701
slamping@cdcloans.com khammock@cdcloans.com ssanchez@cdcloans.com culloa@cdcloans.com
