We know that putting capital in the hands of small businesses results in new jobs and strengthens communities. We’re extremely proud of the economic impact our efforts have generated through small businesses entrepreneurs in the communities we serve.
San Diego (PRWEB) April 04, 2013
More than 125,000 new jobs have been created through nearly 10,000 small businesses that have received financing provided by CDC Small Business Finance over the last 35 years.
“We know that putting capital in the hands of small businesses results in new jobs and strengthens communities,” said Kurt Chilcott, President/CEO of CDC Small Business Finance, which is celebrating 35 years of investing in local economies. “We’re extremely proud of the economic impact our efforts have generated through small businesses entrepreneurs in the communities we serve.”
To view CDC’s 35-year impact in one glance, go to CDC 35th Anniversary Infographic.
CDC summarized its impact:
- 125,000 new jobs created in California, Arizona and Nevada
- 9,625 small businesses financed
- $3.95 billion in SBA commercial real estate loans (SBA-504)
- $2.6 billion in financing to minorities
- $1.2 billion in financing to women
- $386 million in loans to veterans
- $3.5 million in community contributions in California, Arizona and Nevada
- $100,000+ in scholarships awarded to community college entrepreneurs bound for 4-year universities
To mark its 35th anniversary, CDC will dedicate the coming year to celebrating its roots as a small, San Diego-based non-profit organization that has grown into the nation’s leader in SBA-504 program financing (for commercial real estate purchases) as well as its role in helping start-up and emerging small businesses via a variety of other community loan programs.
CDC Small Business Finance was established as a nonprofit organization in March 1978 by Arthur Goodman, a long-time San Diego business pioneer and innovator in making capital available to small businesses, regardless of race, gender and economic status. In 35 years of operation, CDC has helped create over 125,000 by leveraging more than $12 billion in loans for nearly 10,000 small businesses in California, Arizona and Nevada. For more information on CDC, visit http://www.cdcloans.com