Change Account for Debit Payment

If you want to change the account that is debited for your monthly payment, you can submit a new ACH (Automated Clearing House) and/or auto debit authorization form and cancelled check to CDC. The form must be received prior to the 13th of the month to take effect the following month. We can only deduct the authorized payment amount. The account cannot be debited on any unauthorized day of the month.

ACH (Automated Clearing House) and/or auto debit authorization forms

Please click below for the form which corresponds with the loan type you are updating.

SBA 504 LOAN

MORGAN STANLEY – CAPITAL MARKETS LOAN

SBA 7A COMMUNITY ADVANTAGE AND SBA MICROLOAN
This form corresponds with any of the following loan programs:

  • SBA 7A Community Advantage
  • CAIP
  • SBA Micro
  • Instant Boot Capital
  • LISC
  • MDF/CDC

BANKERS SMALL BUSINESS FUND
This form corresponds with any of the following loan programs:

  • Bankers Small Business
  • Fast Fund
  • AALatino
  • SDSBC/Small Business Finance Fund
Please mail, fax, or email the completed ACH form.

Email:
servicing@cdcloans.com

Fax:
619.291.5185

Mail:
CDC Small Business Finance
Attn: Servicing Department
2448 Historic Decatur Rd. #200
San Diego, CA 92106


IMPORTANT: Sometimes the automatic payment is rejected. Reasons include insufficient funds, uncollected funds, the account is closed or invalid or a borrower stops the automatic payment on their own. When this occurs, please do the following:

  • Contact CDC immediately at servicing@cdcloans.com or 619-243-8600
  • Confirm that the loan remains on automatic debit (ACH). If it is not, submit a new ACH form prior to the 13th of the month for enrollment in the next month’s auto-debit.

 

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