Program areas at CDC Small Business Finance Corporation
Community loan programs: CDC originates, services, and sells loans guaranteed by the sba under its community advantage 7a program. These loans are used by the borrowers for a variety of purposes and are capped at $350,000 per loan. CDC also administers several lending programs including the sba microloan program, a state sponsored community adjustment and investment loan program, la direct and fast to fund, California rebuilding fund, activate detroit, and motor city contracors fund, all of which are designed to provide loans to Small businesses.
Sba section 504 loan program: CDC's primary source of revenue is the servicing and processing of the Small Business administration's ("sba") 504 loan programs. The 504 loan program provides long-term, fixed rate financing for major fixed assets that promote Business growth and job creation.
Who funds CDC Small Business Finance Corporation
Grants from foundations and other nonprofits
Personnel at CDC Small Business Finance Corporation
| Name | Title | Compensation | Date of data |
|---|
| Ellis Carr | President and Chief Executive Officer | $0 | 2022-12-31 |
| Kim Buttemer | Chief Operations Officer - Outgoing | $456,847 | 2022-12-31 |
| Matthew Wehland | Chief Operating Officer | $0 | 2022-12-31 |
| Natalie Gunn | Chief Financial Officer | $0 | 2024-04-03 |
| Karla Gill | Chief Technology Officer | $0 | 2022-12-31 |
| ...and 15 more key personnel |
Financials for CDC Small Business Finance Corporation
| Revenues | FYE 12/2023 | FYE 12/2022 | % Change |
|---|
| Total grants, contributions, etc. | $2,654,144 | $2,034,162 | 30.5% |
| Program services | $12,517,485 | $17,942,183 | -30.2% |
| Investment income and dividends | $5,869,905 | $3,292,892 | 78.3% |
| Tax-exempt bond proceeds | $0 | $0 | - |
| Royalty revenue | $0 | $0 | - |
| Net rental income | $169,111 | $-182,646 | 192.6% |
| Net gain from sale of non-inventory assets | $2,712,844 | $2,248,329 | 20.7% |
| Net income from fundraising events | $0 | $0 | - |
| Net income from gaming activities | $0 | $0 | - |
| Net income from sales of inventory | $0 | $0 | - |
| Miscellaneous revenues | $3,683,718 | $1,530,706 | 140.7% |
| Total revenues | $27,607,207 | $26,865,626 | 2.8% |
Organizations like CDC Small Business Finance Corporation
| Organization | Type | Location | Revenue |
|---|
| Accion Opportunity Fund Community Development | 501(c)(3) | San Jose, CA | $50,501,448 |
| Carolina Small Business Development Fund | 501(c)(3) | Raleigh, NC | $10,484,327 |
| Bridgeway Capital | 501(c)(3) | Pittsburgh, PA | $17,987,424 |
| Grameen America | 501(c)(3) | Jackson Heights, NY | $46,396,843 |
| WBD | 501(c)(3) | Madison, WI | $9,133,880 |
| Trenton Business Assistance Corp Regional Business Assistance Corporation | 501(c)(3) | Mercerville, NJ | $7,689,672 |
| Justine Petersen | 501(c)(3) | Saint Louis, MO | $9,337,876 |
| Ascendus | 501(c)(3) | New York, NY | $13,403,959 |
| Access To Capital for Entrepreneurs | 501(c)(3) | Cleveland, GA | $26,987,407 |
| TruFund Financial services | 501(c)(3) | New York, NY | $16,024,804 |
Data update history
December 4, 2023
Posted financials
Added Form 990 for fiscal year 2022
December 3, 2023
Updated personnel
Identified 9 new personnel
November 27, 2023
Used new vendors
Identified 3 new vendors, including , , and
Nonprofit Types
Business and community development organizationsHeadquarter / parent organizationsCharities
Issues
Business and industry
Characteristics
State / local levelReceives government fundingTax deductible donationsAccepts online donations
General information
- Address
- 2448 Historic Decatur Rd 200
- San Diego, CA 92106
- Metro area
- San Diego-Chula Vista-Carlsbad, CA
- County
- San Diego County, CA
- Website URL
- cdcloans.com/Â
- Phone
- (703) 647-2360
IRS details
- EIN
- 95-3512045
- Fiscal year end
- December
- Taxreturn type
- Form 990
- Year formed
- 1978
- Eligible to receive tax-deductible contributions (Pub 78)
- Yes
Categorization
- NTEE code, primary
- S43: Management Services for Small Business, Entrepreneurs
- NAICS code, primary
- 522120: Savings Institutions
- Parent/child status
- Central organization
California AB-488 details
- AB 488 status
- May Operate or Solicit for Charitable Purposes
- Charity Registration status
- Current - In Process
- FTB status revoked
- Not revoked
- AG Registration Number
- 082676
- FTB Entity ID
- 0841748
- AB 488 data last updated ("as-of") date
- 2024-10-16
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