Category Archives: Community

Celebrating Latino Entrepreneurs during Hispanic Heritage Month

September 15, 2017 | Community

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…

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

September 12, 2017 | Community

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…

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Access to Capital Challenges for Minority-Owned Small Businesses Explored

May 12, 2017 | Community

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. Robert Villarreal (far left), Executive Vice President for CDC Small Business Finance, offers testimony at CFPB hearing. The Consumer…

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Aligning with Bank to Develop New Loan Option for Entrepreneurs

May 8, 2017 | Community

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…

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Eduardo Landeros: Helping Small Business Grow

June 20, 2016 | Community

This article was originally published in La Prensa San Diego Newspaper on June 17, 2016. By Ana Gomez Salcido A passion for business runs in Eduardo Landeros’ family. It is only natural that Landeros is the Community Loan Officer at the CDC Small Business Finance in San Diego. “I come from…

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CDC Small Business Finance wins 2016 Diamond Award for Economic Development

May 31, 2016 | Community

CDC Small Business finance last week won the 2016 Diamond Award for Partnership in Economic Development, presented by the National Association of Development Companies. CDC Small Business Finance President Kurt Chilcott displays 2016 Diamond Award for Economic Development CDC earned the award based primarily on its…

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Bank of America grant to help small businesses

May 27, 2016 | Community

Small businesses throughout San Diego will benefit from a $15,000 grant presented this week by Bank of America to the San Diego Region Small Business Development Center. The grant supports business advising and community loan programs. Bank of America is a long-time supporter of small business financing programs and workforce…

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Women small business owners thriving

March 31, 2016 | Community

Women who own small businesses continue to make and impact among entrepreneurs nationwide. According to the State of Women-Owned Businesses Report produced by American Express, women-owned firms now make up 30 percent of all businesses in the U.S. The number of women-owned firms is now estimated to have surpassed 9.4…

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San Diego Microfinance Roundtable in April

March 11, 2016 | Community

San Diegans interested in microfinance can learn from experts in the field as well as entrepreneurs taking advantage of this unique form of financing at Microfinance in the Round April 19 at the Rough Draft Brewing Company. The 4 – 7 p.m. roundtable, hosted by the San Diego Microfinance Alliance,…

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