SBA Microloan

Eligibility SBA Microloan At-A-Glance For businesses that have been established for at least 2 years:

  • Positive cash flow
  • Reasonable credit with acceptable explanation for any derogatory marks
  • Collateral equal to loan amount or co-signer with reasonable credit and income to repay loan
  • Minimum two years experience in industry

For start-up businesses:

  • Two years of experience in the industry
  • Capital injection of 25% of project
  • Reasonable credit
  • Secondary source of repayment- either collateral equal to loan amount or co-signer with reasonable credit and income to repay loan
  • Historical earnings sufficient to cover personal living expenses
  • Acceptable business plan with projections and assumptions upon which the projections are based

Technical Assistance Requirement As part of the Microloan Program, the SBA requires that the borrower receive some type of Technical Assistance (TA) or business counseling after the loan is funded.  CDC offers six one-on-one business counseling sessions (one a month) by one of CDC’s approved business consultants to ensure that our borrowers have the skills they need to succeed in their business.

For assistance and more information please contact Carla Ulloa at 951.905.5701 or culloa@cdcloans.com