Category Archives: Company News

Celebrating Latino Entrepreneurs during Hispanic Heritage Month

September 15, 2017 | Community
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…

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

September 12, 2017 | Community
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…

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Woman-Owned Small Business Wins SBA Award

May 16, 2017 | Company News

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. Michelle McLeod, owner of Southwest Boulder & Stone,…

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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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Update for our Commercial Real Estate loan borrowers

March 14, 2017 | Commercial Real Estate Loans

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…

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Shop Small on Small Business Saturday

November 21, 2016 | Commercial Real Estate 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…

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Craft Beer Industry Grows with SBA Financing

August 23, 2016 | Commercial Real Estate Loans

California is a national hotbed for the craft beer industry, spawning over 500 small businesses breweries and generating over 48,000 jobs. According to the California Craft Brewers Association, craft beer is a $6.5 billion industry in the golden state, providing the largest economic impact of any state. Over the years,…

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Cruz Joins CDC Small Business Finance

August 19, 2016 | Community Advantage

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)…

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