CDC Loans is a nonprofit small business finance lender in California, Arizona, and Nevada. 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. 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.
CDC Loans break down each loan with details of interest rate, maximum loan amount, terms, and eligibility for that particular loan. There are FAQ pages found on the website to help answer questions you may have about loan types.
A blog can be found on cdcloans.com filled with categories ranging from brokers to Vetloan 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.
Finance Resource Center
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 Arizona, California, and Nevada. 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.