Thank you for considering a partnership with CCDC. We look forward to meeting with you.
What types of lenders can partner with CCDC?
What are the benefits of partnering with CCDC?
What are some of the loan types available through CCDC?
What’s the lender’s role in the process?
What is CCDC’s role in the process?
Where does CCDC get its financing?
What can I expect?
Answers for Business Lender
We welcome the opportunity to answer your individual questions in person. In the meantime, these may be helpful.
What types of lenders can partner with CCDC?
- Those that would like to mitigate risk and broaden investment opportunities.
- Lenders who would like a competitive edge through blended rates and lower customer down payments likely to attract a broader range of clients.
What are the benefits of partnering with CCDC?
- Mitigated risk as the loan-to-value ratio is 50%.
- Secure a first mortgage position.
- Experienced professional staff and fast turnaround time on the front end.
- Seasoned closing and servicing staff on the back end.
What are some of the loan programs available?
- SBA 504 enables healthy, growing companies to purchase land, buildings, machinery and equipment, or fund new construction up to $1.5 million (up to $2 million in targeted areas); up to $4 million for manufacturing businesses.
- State of Ohio 166 helps small, growing manufacturing and distribution businesses finance up to $350,000 for land, buildings and equipment.
- City of Columbus offers working capital or real estate funding for smaller businesses.
- Franklin County Growth Fund provides flexible financing for up to $250,000 in working capital, equipment and business acquisition.
For details, refer to Loan Programs.
What’s the lender’s role in the process?
- Referrals are greatly appreciated. We take care of the majority of the paperwork, reducing your workload.
What is CCDC’s role in the process?
- To reduce your risk.
- Our specialists screen applicants and determine the best financing structure for your customer.
- We will meet with you and your customers to explain the process in detail so there are no surprises.
- To make loans on behalf of the U.S. Small Business Administration, the Ohio Department of Development and the City of Columbus.
Where does CCDC get its financing?
- CCDC’s financing portion comes from sales of bonds guaranteed by the full faith and credit of the U.S. government.
- Bank portion of financing comes from our long-term Bank Partners.
What can I expect?
Refer to Project Flowchart to see how the process works and view an estimated timeline.
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