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NOTICE: CDC Small Business Finance is providing updated information as it becomes available. Due to the nature of the continuously emerging and rapidly evolving information from government and non-government relief programs,  some requirements and offerings may change before they are listed here. Please consult with your loan officer for the most current details.

We know that the current situation with COVID-19 is creating challenges for small business owners.  If you are a CDC Small Business Finance borrower, please know, we are all hands on deck working on ways we can provide you temporary relief as you navigate how to best support your business during this time.

On this page:


We have created a special temporary monthly loan payment deferment program designed for businesses whose revenues are being affected by COVID-19.  Borrowers within the retail, services, entertainment, recreation, hospitality and food services industries are eligible to apply. Others may be considered and should speak to a CDC Deferment Specialist.  The program provides temporarily reduced loan payments to help you cover operating costs.

How to apply 

 To be considered, please send the following to coronavirusdeferments@cdcloans.com 

  • A detailed letter that clearly outlines the impact COVID-19 has had on your business
  • Identify if your business is currently open or if it has been closed due to a government mandate or other reason.  Also outline whether you are currently paying employees.
  • Presuming that COVID-19 is contained within 90 days in your area, please share your plan post COVID-19 to help your business recover
  • One of the following: your December 31, 2019 and your interim financial statements OR the past three months of your business bank statements

What to expect:

  • You will be notified when we receive your request
  • We will do our best to send you an answer within five business days.  Please note, due to the influx of requests, in some cases it may take a little longer.
  • If approved, your loan payment will be reduced to as low as 10% of your standard loan payment.  For example, if your standard loan payment is $1,000 it could be reduced to as low as $100 during the deferment period.  The emerging release of government relief programs will effect the length of time the deferment is offered.  Please check with your loan officer for the most update information about the deferment time period.

How does the deferment affect my loan?

  • SBA 504 loans: The total amount that was deferred during the period will be amortized into your payments over the next ten years so that it is a modest amount on a monthly basis for you.
  • Working Capital Loans: The total amount that was deferred will generally be amortized over the remaining term of your loan so that it is a modest amount on a monthly basis for you.


DISASTER LOANS THROUGH THE SBA – Important: These Loans Are Not Available through CDC Small Business Finance

If you need funds to cover expenses – consider a disaster loan:

The Small Business Administration (SBA) plans to make working capital loans available to small businesses that have been negatively impacted by the coronavirus through their Disaster Loan program.  

How does it work:

  • Find out if your state has been approved: Once state governments request and are approved by the federal government as an impacted area, you may apply at sba.gov/disaster. The website has an online application process and SBA plans to hire many underwriters so they can get you an answer promptly.
  • These loans offer great rates and terms – 3.75% fixed for 30 years.  While that may be higher than a mortgage loan rate – it is far lower than a standard business loan rate and with a very long amortization so that your payments will be low.  If you need funds to cover operating expenses – we encourage you to explore this option.

If You Cannot Access the Online Portal:

A paper application is an alternate option if you cannot access the online portal or are having issues using it:

Mailing Address: 
U.S. Small Business Administration
Processing and Disbursement Center
14925 Kingsport Rd.
Ft. Worth, TX 76155-2243

Please note: While CDC Small Business Finance is an SBA lender, the Disaster Loan division is completely separate and unfortunately we cannot help you in applying.  




● SBA Disaster Loan: Disaster Loan Online Application
● Facebook Business Grants: https://www.facebook.com/business/grants
● Los Angeles City: Los Angeles City Small Business Emergency Microloan
San Diego South County EDC: South County Business Emergency Loan Program
● City of Sacramento Emergency Loan: Covid19 Relief Fund Loan



Download the U.S. Senate Committee on Small Business & Entrepreneurship’s Guide

Get all the details on:

  • Paycheck Protection Program Loan
  • Small Business Debt Relief Program
  • Economic Injury Disaster Loans
  • Emergency Economic Injury Grants
  • Small Business Counseling
  • Small Business Contracting
  • Small Business Tax Provisions



  • Click to access Top Tips for Businesses Impacted by COVID-19. 
  • Bookmark This Guide as CDC Small Business Finance’s Business Advising team will be updating it regularly with valuable new resources and tips.
  • Get tips and resources including important SBA links, Emergency Grants/Loan programs and tips on customer and supplier communication, managing cash flow and more.


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