SoCal Reinvestment CDFI
Southern California Reinvestment CDFI provides financing up to $200,000 in Orange, Riverside, San Bernardino Counties. Loan pool funds are from a consortium of financial institutions that combine funds to make loans available for small businesses who do not qualify for SBA or conventional bank financing. All small busineses in the service area are eligible.
Businesses with a one year operating history that can demonstrate professionalism, satisfactory credit and positive cash flow trends, but may not have obtained adequate profit levels or have sufficient collateral required for conventional bank financing meet the general qualifications. Start-up businesses are considered on a case by case basis.
Mission
The mission of Southern California Reinvestment CDFI is to provide commercial loans to small businesses, focusing on those owned by minorities and women in Southern California Counties, particularly those located in low to moderate income areas. The purpose of our lending is to allow these businesses to continue to grow until they can become conventional bank clients.