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Category Archives: Other SBA Loans

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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What you need to know about rising interest rates

August 3, 2017 | Commercial Real Estate Loans

The Federal Reserve has raised the prime rate twice this year and experts predict another increase is coming before the end of 2017 and project three more hikes in 2018. The prime rate is among the most widely used benchmarks in setting bank loan rates for small businesses. When the…

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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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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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New Financing Available for Underserved Small Businesses in Los Angeles

March 24, 2017 | Community Advantage

Access to capital continues to be a major challenge to African American and Hispanic small business owners. There are more than 8 million minority-owned small businesses in the U.S., accounting for $1.3 trillion in annual sales of goods and services, according to the U.S. Small Business Administration (SBA). The SBA…

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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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California, Arizona Metro Areas Rank High for Small Businesses Seeking Growth

August 26, 2016 | Community Advantage

Seven California and Arizona metro areas are among the best in the nation for helping small businesses gain access to financing to help them grow. In a study sponsored by CNBC, 261 metro areas were evaluated by the total dollar value of business loans approved. The California and Arizona areas…

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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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