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Kurt Chilcott


For over 35 years, Kurt Chilcott has been dedicated to economic development and creating access to responsible and affordable capital for ALL small businesses. Chilcott is driven to change as many lives as possible through mission-based lending and advocacy.

Chilcott is transitioning from his position as President and CEO of CDC Small Business Finance during 2021.  As CDC Small Business Finance and Capital Impact Partners unite operations under the leadership of Ellis Carr, Kurt will continue his support by serving as Chair of both Capital Impact Partners and CDC Small Business Finance’s Boards.

As the former CEO of CDC Small Business Finance, Chilcott developed the vision and strategy for the organization. For 23 years, he has been the steward ensuring that the company is dynamic and evolves based on the diverse needs of small business owners. Chilcott is grateful to have collaborated with a smart, innovative and passionate management team who has been his partner in everything from pioneering new products to advancing strategic initiatives to raising capital

At the heart of Chilcott’s success is his attention to culture. Chilcott made culture a top priority to ensure both employee well-being and company success. As a result, the employee tenure rate is nearly twice the national average. Chilcott focused on infusing the company values – integrity, commitment, teamwork and making a difference into daily life so that all employees feel valued and inspired while helping small business owners turn their dreams into reality.

Involvement in  communities, industry and trade associations and national policy efforts are also integral to Chilcott’s commitment to make a difference. Maintaining relationships, serving on boards, being active in the trade groups and providing a voice for entrepreneurs has helped establish CDC Small Business Finance as one of the leading mission-based lenders in the nation.

Prior to leading CDC Small Business Finance, Chilcott worked for the City of San Diego to help reshape its’ economic development strategy creating one of the first industry cluster based regional economic development strategies in the nation and leading the revitalization of numerous underserved communities throughout San Diego.

Chilcott is an avid hiker, explorer and lover of the outdoors. He lives in the Normal Heights neighborhood in San Diego with his wife Betsy and their Australian Shepherds, Jack and Zuni.


  • Bachelor’s degree, Harvard University
  • Master’s in Public Policy, UC Berkeley

Achievements + Awards:

  • Chair, International Economic Development Council (IEDC)
  • Chair, California Association for Local Economic Development (CALED)
  • Chair , National Association of Development Companies (NADCO)
  • DeLuca Award for Lifetime Achievement in Economic Development
  • NADCO Hall of Fame Awardee
  • Vistage National Leadership Award for Passion
  • 2018 Microlender of the Year
  • SBA National Lender Award a record three times
  • Golden Bear Award – California’s highest accolade for economic development leadership
  • Arthur Goodman Memorial Award for commitment to underserved populations and areas

Community involvement:

  • Board member, National Association of Government Guaranteed Lenders
  • Board member, The California Endowment
  • Board member, Bank of America’s National Community Advisory Council.
  • President, California Southern Small Business Development Corporation
  • Director, Neighborhood National Bank, a CDFI bank
  • Chair, Casa Familiar
  • Board member, NTC Foundation


CDC Small Business Finance


As a leader in nonprofit lending


Dollars in SBA real estate financed


Dollars in working capital loans


Dollars to people of color, women + veterans


Jobs created and preserved


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