More than 10,000 small business entrepreneurs have expanded, profited and created new jobs with a financing boost from CDC Small Business Finance.
Celebrating 37 years in business this month, the non-profit CDC announced that small businesses throughout California, Arizona and Nevada had benefitted from $12.9 billion in SBA loans and other capital. CDC released its Making A Difference Report that contained the following other measurements of CDC’s impact on small businesses and the communities it serves:
- $12.9 billion provided via SBA-504 loans, which small business owners used to buy their own commercial/industrial building and large equipment.
- $150 million provided via SBA-7a (Community Advantage) loans and other general business financing.
- 167,0000 jobs created and preserved
- 34% of all loans went to women, minorities and military veteran entrepreneurs
- $3.6 million in contributions to community organizations
- $145,000 given in scholarships to women and minority college students transitioning from a community college to a 4-year university.