Submit Insurance Changes / Renewals
CDC must at all times have a current copy of the required insurance certificate for the building and/or business personal property such as equipment. We will periodically contact you or your agent and request proof of insurance. At that time, we also ask that your insurance agent include the following information on the evidence of insurance certificate:
- The following verbiage must appear on the ACORD: “Full Replacement Cost” and “10-day writen notice of cancelation”
- Borrower’s name, loan number, property address, policy number and expiration date.
- CDC and SBA named as Mortgagee and/or Lender Loss Payee as follows:
Mortgagee and/or Lender Loss Payee
SBA/CDC Small Business Finance
2448 Historic Decatur Rd., Suite 200
San Diego, CA 92106
Please send evidence of insurance to insurance@cdcloans.com or fax to 619-764-4798
If you have any additional questions please contact Debby or Andra at insurance@cdcloans.com.