Statewide CDC

Statewide CDC

Financial Services

Davis, California 1,570 followers

About us

Statewide Certified Development Corporation (CDC) is a 501(c)(4) non-profit organization that supports economic development by making available low cost, fixed rate commercial/industrial real estate financing to expanding small businesses under the U.S. Small Business Administration’s (SBA) 504 Loan Program. We are licensed and regulated by the U.S. Small Business Administration to provide SBA 504 financing and work in partnership with a wide range of lending institutions. We’ve been helping successful small businesses in California purchase their own real estate since 1987. As a result of our expertise and successful track record in lending, Statewide CDC became one of the first Certified Development Companies in the nation to be inducted into the Premier Certified Lender Program and the first CDC to be chartered by SBA to serve state-wide in California. We believe in giving your business the opportunity to grow. We respond to each client with the personal service that only an experienced, knowledgeable CDC like ours can provide. We have a reputation for consistently fast processing turnaround, and we’re especially sensitive to the details and kind of follow-through necessary to make an SBA transaction successful. Our two hub offices are located in Pasadena and Davis (Sacramento region), with satellite offices located in Yorba Linda (Orange County), downtown Sacramento and Pleasanton. Our Mission Our mission is to help growing small businesses acquire the commercial/industrial property they need to support their operations, and in the process, deliver the highest level of service and added value to our small business customers and business partners.

Website
http://www.calstatewide.com
Industry
Financial Services
Company size
11-50 employees
Headquarters
Davis, California
Type
Nonprofit
Founded
1987

Locations

Employees at Statewide CDC

Updates

  • View organization page for Statewide CDC, graphic

    1,570 followers

    Thank you to R. Shane E. Doherty, Commonwealth Land Title National Commercial Services, and our very own Jason Schaut! We're so grateful for our partners & excited for future closings!

    View profile for R. Shane E. Doherty, graphic

    Vice President, National Commercial Accounts, National Hospitality Specialist at Commonwealth Land Title Insurance Company - National Commercial Services

    CLOSED: As a member of the Fidelity National Financial (FNF) family of companies and the nation’s largest title insurance group, Commonwealth Land Title National Commercial Services is represented by the top title and escrow professionals, underwriters and legal counsels in the industry. Our Phoenix, AZ based National Commercial Services Team serves as a one-stop shop, providing local, regional and national best-in-class CRE services in title insurance, escrow and closing, construction disbursing, special projects, 1031 property exchanges, UCC Insurance, land trusts and more. Having a true national presence throughout the country, we are more than equipped to meet the specific needs of commercial clients in all 50 states. On behalf of Daphne Wright and our entire team, we say thank you to those that trust in our ability to professionally serve all parties throughout this transaction. Huge thanks and gratitude to my dear friend Jason Schaut with Statewide CDC! Statewide CDC is a 501(c)(4) non-profit organization that supports economic development by making available low cost, fixed rate commercial/industrial real estate financing to expanding small businesses under the U.S. Small Business Administration’s (SBA) 504 Loan Program. They are licensed and regulated by the U.S. Small Business Administration to provide SBA 504 financing and work in partnership with a wide range of lending institutions. Also, shoutout to Renee Fortunato and @Mary Marsh with Camelback Law Offices of Gutterson and Fortunato. And most importantly, special thanks to the borrower(s); we are truly grateful for their business and we look forward to working with them again the very near future! #CommonwealthNCS #TitleInsurance #Escrow #ClosingServices #CommercialRefinance #CAStatewideCDC #CamelbackLawOfficesOfFortunatoandGutterson #CRE #Office #Southwest #Arizona #Phoenix #REALationshipsMatter #HereToHelp

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  • View organization page for Statewide CDC, graphic

    1,570 followers

    The full-term effective fixed interest rate for SBA 504 loans closing in July 2024 is: Purchase/Construction 25-Year: 6.20% 20-Year: 6.27%  10-Year: 6.48% Refinance 25-Year: 6.23%  20-Year: 6.30%  10-Year: 6.51% Please contact your local Statewide CDC representative to assist you with your SBA 504 needs! Jeff Boone, Denise Zboralske, CPA, Jason Schaut, Brian Wallace, Summer Jeffus, CS, Al Thiel, Marat Manucharyan, Spiros Karatzis, Jeremy Mehler, George Christidis, Craig Samson, Carlo Samson

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  • View organization page for Statewide CDC, graphic

    1,570 followers

    The full-term effective fixed interest rate for SBA 504 loans closing in June 2024 is: Purchase/Construction 25-Year: 6.35% 20-Year: 6.44% 10-Year: 6.89% Refinance 25-Year: 6.38% 20-Year: 6.47% 10-Year: 6.93% 10-year debenture funded in May 2024 (closing and rate offered every other month). Please contact a Statewide CDC market representative to assist you with your SBA 504 needs!

  • View organization page for Statewide CDC, graphic

    1,570 followers

    California Statewide CDC Welcomes Summer Jeffus to the Team! We are pleased to introduce Summer Jeffus, who has joined us as the Vice President, Business Development Officer, and Marketing Manager. Summer will play a significant role in providing business development and marketing support to California Statewide CDC's East Bay and Napa region. With over 15 years of experience in financial business development and promotions in Commercial Real Estate lending, Small Business Administration (SBA), and Retail Banking, Summer brings a wealth of knowledge and experience to our team. Read more - https://conta.cc/3QU9Cwq

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  • View organization page for Statewide CDC, graphic

    1,570 followers

    Did You Know? The SBA 504 program provides an option to go green to support larger projects and unlimited access to multiple deals. SBA Expands the Green Loan Program SBA has released Procedural Notice 5000-856984 effective April 30, 2024, amending SOP 50-10-7.1 to remove the $16.5 million cap on Energy Public Policy projects financed in the 504 Loan Program. What this means? Energy Public Policy projects are defined as: Projects for the reduction of existing energy consumption by at least 10%. Projects where renewable energy sources generate more than 15% of energy used at Project Facility. Projects with increased use of sustainable designs, including designs that reduce the use of greenhouse gas emitting fossil fuels or low-impact design to produce buildings that reduce the use of non-renewable resources and minimize environmental impact. Previously under the Green Loan Program, small businesses seeking financing for commercial real estate loans that qualify as Energy Public Policy projects could secure multiple SBA 504 Green Loans, each with the maximum of $5.5 million and an aggregate not to exceed $16.5 million in SBA financing. With this change the $16.5 million aggregate cap is removed, and small business has access to almost unlimited SBA 504 Green Loan funding. This means more deals, and larger deals, and without the hassle of borrowers running up against cap. Contact a Statewide loan specialist for more information.

  • View organization page for Statewide CDC, graphic

    1,570 followers

    The full-term effective fixed interest rate for SBA 504 loans closing in May 2024 is: Purchase/Construction 25-Year: 6.55% 20-Year: 6.65% 10-Year: 6.89% Refinance 25-Year: 6.58% 20-Year: 6.68% 10-Year: 6.93% Please contact a California Statewide CDC market representative to assist you with your SBA 504 needs! Best Regards, The California Statewide CDC Market Team

  • View organization page for Statewide CDC, graphic

    1,570 followers

    SBA 504 Rate Update The full-term effective fixed interest rate for SBA 504 loans closing in April 2024 is: Purchase/Construction 25-Year: 6.69% 20-Year: 6.76% 10-Year: 6.58% Refinance 25-Year: 6.71% 20-Year: 6.79% 10-Year: 6.62%   10-year debenture funded in March 2024 (closing and rate offered every other month). Please contact a California Statewide CDC market representative to assist you with your SBA 504 needs! Best Regards, The California Statewide CDC Market Team

  • View organization page for Statewide CDC, graphic

    1,570 followers

    Testimonial “The whole California Statewide team has been great to work with. We provide strategic property solutions for our clients and working with Cal Statewide has made the process smoother. Their SBA loan knowledge is unsurpassed, they solves issues quickly and most importantly, they are very creative with ideas to make loan transactions work for our clients.” Todd Holley, Senior Vice President and Partner, Voit Real Estate Services

  • View organization page for Statewide CDC, graphic

    1,570 followers

    The full-term effective fixed interest rate for SBA 504 loans closing in March 2024 is: Purchase/Construction 25-Year: 6.28% 20-Year: 6.36% 10-Year: 6.59% Refinance 25-Year: 6.31% 20-Year: 6.39% 10-Year: 6.62% Please contact a California Statewide CDC market representative to assist you with your SBA 504 needs! Best Regards, The California Statewide CDC Market Team

  • View organization page for Statewide CDC, graphic

    1,570 followers

    Great testimonial: “I would definitely recommend California Statewide CDC to other small businesses. We need investment in Northern Nevada, we need people that believe in us and I’ve never worked with a team that was more dedicated and believed in me than the way that team did.” Lisa Foley, LCSW, CEO/Founder, Healing Minds

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