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Category Archives: Company News

Chilcott: Financing Option Expands the Window of Opportunity

August 2, 2018 | Small Business Loans

This reprinted column by Kurt Chilcott, CEO and president of CDC Small Business Finance, appeared in the August 2018 Commercial Edition of the Scotsman Guide. The new 25-year SBA 504 loan can help you close more commercial-property deals There’s a new financing tool available to commercial mortgage brokers and their small-business clients. It’s the 25-year U.S. Small…

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Celebrating Latino Entrepreneurs during Hispanic Heritage Month

September 15, 2017 | Company News
Mario Rodriquez and Claudia Carranza of Super Mario Ice Cream

As we enter national Hispanic Heritage Month (Sept. 15 to Oct. 15), it’s appropriate to celebrate the profound and positive influence of Latinos, including those who own small businesses. In California alone, there are over 800,000 Latino-owned small businesses, the majority of which are located in the greater Los Angeles region. Most companies are family-owned…

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New Study Concludes: Latino Entrepreneurs Face Hurdles in Accessing Capital to Grow their Businesses

September 12, 2017 | Small Business Loans
Robert Villarreal, president, Small Business Finance Fund, reveals Latino study results

If you’re one of the more than 815,000 Latino-owned small businesses in California, there’s a 40 percent chance you’ve been denied capital by a bank or other commercial lender because of lower credit scores and other perceived risks, according to a new study released Sept. 7 by the Small Business Finance Fund (SBFF), a community…

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Woman-Owned Small Business Wins SBA Award

May 16, 2017 | Small Business Loans

SBA 504 financing sparks ongoing growth and success Michelle McLeod, owner of Southwest Boulder & Stone in north San Diego County, was recognized May 4 by the Small Business Administration as the Woman-Owned Small Business of the Year. McLeod was recognized for the prolific growth of her company which last year bought a building for…

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Access to Capital Challenges for Minority-Owned Small Businesses Explored

May 12, 2017 | Small Business Loans

Small businesses owners, particularly women and minorities, face acute and unique challenges when it comes to getting a loan to help them grow and create new jobs. The Consumer Financial Protection Bureau (CFPB) this week in Los Angeles held a public hearing to identify the financing needs of traditionally underserved small businesses. “There’s a gap…

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Aligning with Bank to Develop New Loan Option for Entrepreneurs

May 8, 2017 | Small Business Loans

Bankers Small Business CDC, an affiliate of CDC Small Business Finance, recently collaborated with Cathay Bank in developing yet another way for small businesses to gain access to money that will advance their business. Called the Smart Micro Loan program, Cathay Bank now offers a line of credit from $5,000 to $10,000 to qualifying business owners. Open to any…

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Update for our Commercial Real Estate loan borrowers

The addressee on your monthly payments has changed. As your trusted partner, you can count on us to alert you to program changes that affect you and your loan with us. Please see below for any action you may need to take. This week, the SBA announced it has selected PricewaterhouseCoopers as the new Central Servicing Agent…

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Shop Small on Small Business Saturday

November 21, 2016 | Small Business Loans

Saturday, Nov. 26 is Small Business Saturday® – a day to celebrate and support small businesses and all they do for their communities. There are nearly 28 million small businesses in the U.S., employing 120 million people and generating 65% of all new jobs. In short, they are the fuel that propels our economy, enhancing…

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Cruz Joins CDC Small Business Finance

August 19, 2016 | Small Business Loans

Anna Marie Cruz, has joined the not-for-profit CDC Small Business Finance as a loan officer to provide SBA financing to small businesses in the Los Angeles region. Cruz will encourage small business owners to take advantage of SBA Community Advantage financing (up to $250,000) and SBA microloans (up to $50,000) to help them expand, grow…

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