How CDC Small Business Finance Can Help Your Business Grow

Are you a small business owner searching for support in building your business? CDC Small Business Finance (CDC) has a mission to facilitate small business growth. CDC’s core services include lending capital, education and resources, and advising to small businesses across several industries throughout the United States.

The Impact of CDC Small Business Finance

Since 1978, CDC has provided over $14 billion in loans to over 10,000 small businesses. The impact of these loans has been significant in the small business community. According to a recent National Small Business Association report, access to capital consistently ranks as one of the most significant challenges small business owners face. CDC seeks to help alleviate this issue by providing loans with more flexible, reasonable terms than other lenders. Additionally, CDC lending has served as a vital economic engine to many communities.

Capital Lending

CDC offers small businesses a variety of loan programs tailored to fit different needs. They range from microloans of $1,000 to $50,000 to larger loans with a maximum of $5 million. If you require funds for a specific purpose like purchasing equipment or real estate, CDC offers specific loan programs to fit your needs. It can be challenging for emerging businesses to qualify for these loans from other lenders. However, CDC understands the challenges that small businesses face, and they endeavor to offer a more realistic qualification process.

Education and Resources

CDC does not just provide lending services but also offers education and advisory services that dive deeper into various aspects of running a small business. This education includes workshops on financial management, business plan creation, and other necessary topics. CDC also offers crucial resources for entrepreneurs, including online tools like a business plan generator and calculators to help calculate loan payment and loan terms.

Advising

Starting a small business can feel daunting, and owners often need guidance and advice. CDC has a team of experts that provide this guidance. These professionals come from diverse backgrounds like finance, marketing, and law, and have years of experience. CDC can help small business owners in crafting a business plan or provide guidance on financial planning.

Success Stories

CDC Small Business Finance has assisted numerous small business owners in growing their businesses. For example, an entrepreneur Jeff was seeking funds to start his car detailing business. Jeff had been rejected by other lenders, but CDC Small Business Finance offered Jeff tailored loan terms he could afford. CDC also offered his business a loan payment plan option so that Jeff could repay the loan without taking significant profits from his startup company. Jeff’s business is thriving today, and he appreciates CDC Small Business Finance for providing necessary tools so he could grow his business.

Conclusion

If you’re running a small business, finding the right resources to grow can be challenging. However, CDC Small Business Finance can be the right resource for your business. The organization understands the needs of small businesses and offers flexible loan programs, educational resources, and advising help to assist business owners in achieving success.