Home
About Us
Accomplishments
Affordable Housing
Commercial Develop
Homeowner Services
Organizing
Resident Initiatives
Small Business


Contact

 

Cristo Banda x 221

Deidra Macleod x 219

Small Business

 

The Loan program goals:

  • Loan program to promote expansion of small businesses

  • Utilizes partnership between CDC, banks, and SBA

  • Provides small businesses with access to Wall Street financing

In our small business loan program, in 2003-04, we made 10 small business loans from our in-house loan fund to merchants totaling $132,300; these deals created or preserved 110 jobs. Of these, six were brand new start up businesses. In eleven years of lending, we have made $686,000 in 51 direct loans and packaged $2.4 million in larger loans to banks and other lenders, created 123 new jobs, and retained 365 jobs. Loans were 71% start-ups, 66% minorities, 44% women.

 

Now you can download

 forms from the web!