Bankers’ CDC

Bankers’ CDC administers lending programs for financing up to $50,000* in Orange, Riverside, and San Bernardino Counties. These loan pools are a consortia of financial institutions that combine funds to make loans available for businesses.

The Bankers’ Community Development Corporation assists small business owners that do not meet criteria for conventional bank loans or SBA financing. The loan pool is made available by over 50 banks in order to support underserved communities, in particular, women, minority, and companies located in low-to moderate income areas or municipal project areas.

Businesses with a one year operating history that can demonstrate professionalism, satisfactory credit and positive cash flow trends, but may not have obtained adequate profit levels or have sufficient collateral required for conventional bank financing meet the general qualifications.

Eligibility Criteria
1) Historical earnings and projections sufficient to repay existing and proposed debt.
2) Reasonable personal credit of borrowers with no major derogatory marks.
3) Required to pledge collateral that is available. Insufficient collateral will not preclude borrower from obtaining financing.
4) Minimum of 12 months of operating history; start ups considered on a case-by-case basis.
5) Management /Industry experience.

Terms and Conditions

• Maximum loan amount of $50,000*.
  
• Terms- amortized up to 10 years, due in 3-5 years.
  
• Interest rate: Prime + 4 (fixed)

Program Administrator
Michael Ocasio
Executive Director
Phone: (909) 352-5736 or (800) 337-6003
Fax: (909) 358-2830
Email: mocasio@cdcloans.com

*Higher limits will be considered on a case-by-case basis.