Category Archives: Small Business Loans

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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What you need to know about rising interest rates

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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Declined by the bank for a small business loan? Here are 5 Ways to Get Loan Ready

July 25, 2017 | Small Business Loans
Declined by the bank for a small business loan? Here are 5 Ways to Get Loan Ready

Although a bank is often the first option considered when looking for financing, there is good news: There are alternatives to banks for business financing. Nonprofit lenders offer more flexibility and personal service to help you secure a low cost loan to support your growth and success. Obtaining a small…

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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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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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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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