-
“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
Bankers CDC Loan
Funded by a multi-bank micro-loan consortium in San Diego, loans are designed for for-profit and non-profit businesses that do not qualify for SBA or conventional financing. Loans are available to businesses located in low- to moderate-income areas or that employ low- to moderate-income workers in San Diego County.
Watch this video to help you determine if you’re eligible:
Eligibility
- Business must be located in a Low Mod Income (LMI) area.
- Management experience in industry (2 years minimum)
- Capital injection (30% of total project)
- Reasonable personal credit
- Secondary source of repayment- either collateral equal to loan amount or co-signer with reasonable credit and income to repay loan
- Acceptable business plan, projections and assumptions upon which projections are based.
- Historical cash flow sufficient to service requested debt or cash flow ability based on reasonable projections.
- Historical earnings sufficient to cover personal living expenses
- Terms and Conditions
- Maximum loan amount – $200,000
- Terms – amortized over 10 years; due in five
- Interest rate – starting at Prime + 3% (fixed)
For assistance and more information contact:
Susan Lamping
Sr. Community Loan Officer
(619) 243-8639
