We are proud to have made a difference for small businesses across the nation, see their grateful responses.
SBA Paycheck Protection Loan Program, Testimonials
#1 SBA 504
#1 SBA COMMUNITY ADVANTAGE
PAYCHECK PROTECTION PROGRAM
We Celebrate Small Business 365/24/7
We support small business owners everyday. We applaud their resiliency, work ethic, creativity and commitment to making a difference in their communities.
$371M
approved for small businesses
$196M
approved for Paycheck Protection Program loans
4,924
small business owners assisted (including PPP loans)
$266M
financing for entrepreneurs of color, women, and veterans
6,937
jobs created and preserved
11,912
business advisory hours provided at no cost
"SBA financing helped consolidate debt and buy two more large brewing tanks for beer production."
Rawley Macias Rouleur Brewing
We were honored to receive a $25 million New Market Tax Credit allocation. We are deeply committed to making a difference for the small business community and are grateful to have this tremendous support of our work.
CDC Small Business Finance and Capital Impact Partners Announce Alliance
CDC Small Business Finance has always evolved its services and offerings in order to best serve both small business owners and their communities. As we looked to the future, we saw a tremendous opportunity to do more, give more and make a bigger difference. With that in mind, more than a year ago, we began conversations with Capital Impact Partners. Together, we recognized how our similar visions and complementary expertise, services and financing products could create a change that neither of us could accomplish independently.
With a shared focus on economic empowerment and equitable wealth creation, CDC Small Business Finance and Capital Impact have the unique ability to deliver a suite of lending products and programs that holistically support communities to be strong, vibrant, and healthy places of opportunity. Watch the CEO Conversations Video Series.
In 2020 we continued our commitment to being a strong voice for the small business community. We served on several California small business and economic development committees, that focused on supporting small businesses, particularly BIPOC-owned businesses. In addition, we took a leadership role in designing and improving the Community Advantage Recovery Loan (CARL).
Impact Capital
Thank you to our investors. Your commitment in 2020 allowed us to create a much deeper impact in the small business community when it was needed most.
Our aligned efforts help with job creation, economic development in underserved neighborhoods and ensuring ALL small business owner have access to responsible and affordable capital. The work we do, including business advising and creating opportunities for commercial real estate ownership, helps bridge the racial wealth gap, especially for BIPOC business owners.
Capital Partners
Goldman Sachs – $170M | Bank of America – $25M
Union Bank – $4M | SBA Microloan – $2M
Grant Partners
Grantors over $25,000
Bank of America | Citizens Business Bank | Goldman Sachs
JPMorgan Chase | Union Bank | Wells Fargo Bank | SBA
Interested in joining our mission? Contact Robert Villarreal, 619.243.8652 to learn more.
CDC has been a fantastic partner. The entire team was so responsive and helpful.
Mark Tran, Somisomi
We do not do this work alone and greatly appreciate our many partners and clients.
We sincerely thank everyone who played a part in helping the small business community in 2020.
