BestCompany.com is trying to work directly with this company to verify the accuracy of the information on this page. Thank you for your patience as we make sure we’re getting it right.
Are you a representative
of this company?Claim this Profile
CDC Loans is a nonprofit small business finance lender. The company has provided over 10,000 SBA loans to small businesses, preserved or helped to create 167,000 jobs, and have provided $13 billion in capital to small business owners. Since 1978, CDC Loans has worked to build strong relations with banks and commercial real estate brokerages in the communities they serve. Acting as an advocate for small companies, CDC Loans is continually helping these companies to get the finances they need and to reach their full potential. Consumers that choose CDC Loans should remember that they must have a credit score of 550 or higher.
CDC Loans offer an array of SBA loans including SBA-504, SBA-7a, community advantage loans, and SBA microloans. One can refinance existing commercial debt through CDC small business finance to tap into low, fixed interest rates and longer terms. The Vetloan Advantage Program is also available for Veterans who own small businesses.
A blog can be found on cdcloans.com filled with categories ranging from brokers to Vet-loan Advantage Program. You can search by category or by month and year to find the information you are looking for.
If you want to check out a great link with success stories of small businesses that CDC Loans have been able to help through SBA loans, it can be found on cdcloans.com. The stories are shared through video, and each business shares its unique growth.
You will find amazing tools to help you decide what is best for your growing business. Tools such as a loan calculator, lease vs. buy cost comparison and a business loan directory. There are also helpful links and tutorials to help answer all the questions you have.
This particular CDC Loans only services five states. If you live out of these areas, you can look up online other CDC locations in your community.
This company only handles SBA loans. If you are looking for another type of business loan or line of credit you will want to look elsewhere.
There is conflicting information on the website when it comes to a prepayment penalty. It states in one area, "There are no penalties for early repayment. You can repay the loan at any time without penalty." In another area, it states there is a prepayment premium. It will depend on which type of loan you qualify for, and you will want to find out the specific details for prepayment penalties on that loan. The company is also lacking a lot of information that we find to be very important. Some of this information includes max loan amount, funding, APR range, fees, and requirements.
As part of our service, we attempt to partner with all the companies that we review, and may get compensated when you click or call them from our site; however, regardless of any current, past, or future financial arrangements, companies listed on Best Company cannot buy their position, nor do we manipulate or inflate a company's ranking for financial gain. A company’s ranking is based on and calculated by an objective set of ranking criteria, as well as user reviews. See our How We Rank page for more information regarding our ranking algorithm.
All user reviews posted on Best Company are subject to screening and approval. We reserve the right to approve or deny any review posted to this site in accordance with our Review Guidelines. Best Company never suppresses user reviews—unless they are being investigated for authenticity, or if they violate our review guidelines. We encourage anyone who suspects a user review to be fraudulent or intentionally inaccurate to please notify our review moderation team.
attempt to charge you 700% interest for a $500 loan