Video: The Role of Small Business Loans in Transforming Neighborhoods

Small Business Loans
March 1, 2019

The intersection of 30th Street and University Avenue in San Diego’s North Park neighborhood pulses with activity every single day. Droves of locals and out-of-towners visit the area’s thriving coffee shops, boutiques, restaurants and microbreweries to soak in its unique flavor.

This was not always the case. Go back just 20-30 years ago, and in place of this rich tapestry, sat a neighborhood in decline. In its present form, this bustling hub — and North Park as a whole — is a great example of how investing in neighborhoods can breathe life back into a struggling community. In fact, CDC Small Business Finance, a leading small business lender and nonprofit, has helped finance many of the businesses in this up-and-coming community.

Our president and chief executive Kurt Chilcott took a recent tour around the independent companies that make 30th Street and University Avenue what it is today. He’s joined by Omar Passons, a CDC Small Business Finance board member and civic leader; Brad Keiller, owner of Nomad Donuts; Angela Landsberg, executive director of the North Park Main Street, and more.

Related: Small business financing’s role in North Park’s revitalization

CDC Small Business Finance is more than a small business lender. We’re an advocate for all entrepreneurs, especially in up-and-coming communities such as North Park. We believe if you invest in an entrepreneur, you also invest in their community.

Are you a small business owner in a neighborhood like North Park? Tell our loan experts about your business, and they’ll work to match you with a financing plan that best suits you. Let’s talk! Reach us at or (619) 243-8667.

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