Orange County companies in fourth quarter 2013 received over $25 million in SBA small business loans from CDC Small Business Finance to purchase commercial and industrial buildings.

The SBA-504 loans, provided in partnership with local banks, funded 13 businesses from October through December. The largest single loan provided was $7 million.

CDC loan officers Mark Hogan, Sam Tuyen and Armen Madatyan expedited the loans that will help Orange County small businesses expand and create new jobs. The funded companies operate in a variety of industries, including manufacturing, medical, wholesale, construction, legal and engineering. Among the funded businesses were:

  • Brandywine Communications - manufacturer, GPS products
  • Spec Formliners - manufacturer, decorative concrete forms
  • Roseen Builders - medical/veterinary construction managers
  • Syn-Mar Associates - commercial real estate appraisals
  • Neuropsychiatric Research Center of Orange County - clinical studies for pharmaceuticals

Small businesses grow with SBA-504 financing

The current SBA loan rate is 5.53% for this type of financing, which helps small businesses finance long-term fixed assets such as commercial real estate and large equipment. Several Orange County businesses have taken advantage of the SBA 504 program to buy their own buildings, preserve cash and build owner equity.

CDC Small Business Finance is the nation's leader in SBA-504 loans. CDC has helped more than 10,000 entrepreneurs move from leasing space to owning their own facilities. Small business owners can find out if they qualify for a SBA-504 loan by using CDC's Prequalify Today tool.

Note: Media interested in interviewing small business owners who have received SBA-504 loans to purchase a building can contact Larry Nuffer, lnuffer@cdcloans.com, 619.243.8620.

CDC Small Business Finance
Larry Nuffer, 619-243-8620
lnuffer@cdcloans.com