CDC Small Business Finance El Camino Real Irvine, California

CDC Small Business Finance Reviews

1.0 stars based on 4 reviews

Featured Comments:

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  Traci Frost

  1.0

  I wonder how this company is still running? If they aren't lending they shouldn't be in business, simple as that! Total time wasters

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  Terry & Tanya Norris

  1.0

  don’t waste your time applying for any pandemic emergency funding with this company. Especially the paycheck protection loan or the economic disaster loan. I applied at the end of March. They ran my credit three times docking over 30 points! They have rules that don’t even apply to loans during a pandemic emergency. As they should not. Instead of just saying that they run out of funding. They are saying that they want to focus on the paycheck protection loan. I believe this company is a scam. I wouldn’t even apply for any funding with this company they will waste your time a whole 2 1/2 months of it! Luckily I was approved through the SBA For 200k for disaster funding and I also received seven grants for women own businesses! This place is the worst!

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  Response from the owner

  Thank you for your note. We are so happy that the SBA was able to help you with disaster funding and that you also received grants. We apologize that you did not have a good experience and were frustrated. Due to the unprecedented urgency of the PPP loan program, we had a company-wide effort to help as many business owners as possible get a PPP loan. We experienced an incredible influx of requests and we did our best to manage the process and help people. We are sorry that this resulted in a delayed response time. We are a nonprofit small business lender committed to helping small business owners get access to capital. We have provided over $18B to small businesses over four decades. Please know we will take your feedback to the team as we are always growing and improving and looking at how to best help small business owners.

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  Nathan Yeargin

  1.0

  I would not recommend doing business with this company if you have a choice. Our business was trying to get a small business loan (moving to a bigger location after 5 great years), and they made the process terrible. They don't know what they're doing, or even what the paperwork they request should look like. The process took about 8 weeks, and all we got was a Rejection. I asked what the next steps were because they wasted a lot of my time/money. They never emailed/called me back. Got a loan from another company within 2-weeks with a much better rate. I know that getting a business loan can be hard, but only go to them as a last resort!

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  Response from the owner

  We apologize that you did not have a good experience. We are always looking to improve and will take your feedback to the team. We wish you great success with your business.

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