CDC Small Business FinanceUnaffiliated Visit Site Find My Best Rate
CDC Small Business FinanceUnaffiliated
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Where does CDC Small Business Finance do business?
CDC Small Business Finance is a direct lender based in San Diego, CA. It was founded in 1978 and offers access to business loans in 3 states across the USA.
What are CDC Small Business Finance’s rates?
CDC Small Business Finance offers business loans with fixed APRs starting from % .
Does CDC Small Business Finance charge an origination fee?
Yes, CDC Small Business Finance charges a loan origination fee starting at 0% of the loan amount. CDC Small Business Finance deducts the fee directly from your loan amount before disbursing loan proceeds, so make sure you take this fee into account when deciding how much you need to borrow.
What limitations does CDC Small Business Finance set on the purpose of the loan?
CDC Small Business Finance considers loan applications for business purposes, such as:
- Business Debt Refinance
- Equipment Purchase
- Lease Improvement
- New Location
- Product or Service Expansion
- Technology Investment
- Working capital
What types of business loans does CDC Small Business Finance offer?
Not all business loans are made equal. The type of loan you choose will determine the range of rates and terms you receive. CDC Small Business Finance provides access to the following business loan types:
- Secured Term Loans
- SBA Loans
- Commercial Real Estate
Does CDC Small Business Finance charge prepayment fees?Yes, CDC Small Business Finance charges additional fees to borrowers who pay off their loans sooner than anticipated. Take this into consideration when choosing a lender because prepayment penalties can reduce or even cancel the interest savings of repaying a loan early.
How much can you borrow from CDC Small Business Finance?Loan amounts start at $10,000 and go up to $2,000,000.
What is the maximum loan term you can get with CDC Small Business Finance?
CDC Small Business Finance offers business loans with terms ranging from 36 to 300 months. Having the option of longer terms allows borrowers to take on larger loan amounts while keeping monthly payments more affordable. However, the longer the term of your loan, the more interest you will pay.
What do you need to qualify for a loan with CDC Small Business Finance?
Applicants with a credit score of at least 640 can apply for a loan via CDC Small Business Finance. CDC Small Business Finance does not require borrowers to have been in business for a minimum number of years.Businesses must have a minimum annual revenue of $7,600 to be considered.
Only U.S. citizens and permanent residents can apply for a loan. To qualify, applicants may need to provide the following documentation:
- Proof of Identity
- Proof of Income
|Credit Score Range||
640 - 850
|Immigration Status Considered||
|Minimum Months in Business||0|
|Verification Documents Required||
|Loan Amount||$10K - $2M|
|Loan Term (Months)||36 - 300|