In addition to providing loans and technical assistance, CCDC has well developed relationships with angel investors, venture capital funding firms, small business merger and acquisition professionals, incubators, service providers, CEO's and other intermediaries that offer the businesses and entrepreneurs an excellent consultation menu of services for their business development and financing needs including:
We supply the tools enabling economically disadvantaged individuals and capital challenged small businesses to become self-sufficient stakeholders in their own future. These tools include providing financial services, loans and investments; training and technical assistance services: and development efforts that enable individuals and communities to effectively use credit and capital.
Rebuilding disinvested communities and making loans to people with limited or poor credit histories will require more than simply providing access to loans. It requires the flexibility to adapt conventional lending guidelines to the needs of borrowers to accept non-traditional collateral, and to provide education, training, and assistance to potential borrowers.
Applicants are interviewed by a CCDC lender with subsequent meetings, information gathering, due diligence and site visits performed. After review and analysis of the request, the formal application is presented to CCDC's Loan Review Committee for action to approve, modify, or deny the request.
CCDC is committed to providing a level of technical assistance and the technical services appropriate for each client borrower. In this manner, businesses will develop the practical and technical business acumen which will provide a stable base for future business expansion and economic stability.
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