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.
Please click below for the form which corresponds with the loan type you are updating.
This form corresponds with the following loan programs:
- SBA 7(a) Community Advantage
- CAIP
- SBA Micro
- Instant Boot Capital
- LISC
- MDF/CDC
This form corresponds with the following loan programs:
- SDSBC/Small Business Finance Fund
- Bankers Small Business
- Fast Fund
- AALatino
Please contact us as soon as possible when you realize you may have challenges meeting your loan obligations. Please reach out at servicing@cdcloans.com.