CDC Small Business Finance has a long history of providing loans to small businesses that have not been able to obtain financing through a traditional lender, such as a bank. With the launch of the SBA’s Community Advantage Loan Program in April 2011, CDC has opened its doors even wider to help small businesses owners launch new endeavors or expand their existing operations.
Through the Community Advantage Loan Program, CDC Small Business Finance provides loans up to $250,000 directly to small businesses throughout California, Arizona, and Nevada. The loan funds can be used to finance start-up costs for a new business or to help an existing business with working capital needs, tenant improvements, or for general business expansion. Funds can also be used to purchase an existing business, so it’s a great loan if you are looking to buy or sell a business.
Whether you are launching a second location or you are just starting out, we are willing to listen to your story and consider each request on a case-by-case basis. We are creative in our work and often go to great lengths to help business owners find solutions for their capital needs. We even created a video JUST for the Community Advantage Loan Program as a way to connect you with helpful information, face-to-face. To find learn more and connect with one of our loan experts, please check out the PreQualify Today tool on our website!
A big thank you to Kaitlan Hammock – Loan Assistant in the Community Loan Department for contributing this week’s post.