RIVERSIDE, CA—Inland Empire companies will soon receive more than $21 million in SBA small business loans,based on financing approved in the last three months by CDC Small Business Finance.
The SBA-504 loans, provided in partnership with local banks, will help 11 small businesses expand and create new jobs. The largest single loan provided was $7.5 million. CDC loan officers Phil Mulder, Mark Hogan and Sam Tuyen expedited the loans.
The banks that partnered with CDC Small Business Finance on the SBA-504 loans included Bank of America, Cathay Bank, Bank of Southern California, Capital Bank, Rabobank, Security Bank of California and OneWest Bank.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
