Southern California Reinvestment CDFI

Southern California Reinvestment CDFI administers lending programs for financing up to $200,000 in Orange, Riverside, and San Bernardino Counties. These loan pools are a consortia of financial institutions that combine funds to make loans available for small businesses who do not qualify for SBA or conventional bank financing. The loan pool is made available by 45 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. Start up businesses are considered on a case by case basis.

Eligibility Criteria
1) Historical earnings and projections sufficient to repay existing and proposed debt.
2) Reasonable personal credit of borrowers.
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 $200,000.
  
• Minimum loan amount of $20,000.
  
• Terms- amortized up to 10 years, due in 3 years.
  
• Interest rate: Prime + 4 (fixed).

Program Administrator
Stacey Sanchez
Executive Director
Phone: (714) 918-0886 or (800) 464-2149
Fax: (714) 550-5434
Email: ssanchez@cdcloans.com