Category Archives: SBA Small Business Administration

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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Small Business Stories Behind the Accolades

June 8, 2017 | Jobs

Awards in business always attract attention, but often more interesting are the compelling stories behind the trophies, tales of growth and job creation propelled by infusions of capital. Four entrepreneurial clients of CDC Small Business Finance recently received awards from the Small Business Administration’s San Diego district, all in recognition…

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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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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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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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So you want to start your own business and need cash…

So you want to start your own business and need cash. What do you do? “We needed capital for inventory and cash flow and the Community Advantage loan provided the springboard to a successful launch of our restaurant” Many small businesses are getting lured by alternative lenders who charge exorbitant…

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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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