Refinance Program In Full Swing, CCDC Closes Four Refi Loans

Now that the refinance program has been tweeked and is more user friendly, CCDC is gearing up for a record number of refinance loans to be processed before the temporary program ends in September, 2012. Already CCDC has closed four refinance projects including three Max & Erma's restaurants and Fox Lite, Inc. a manufacturing company in Fairborne. In addition, the CCDC Board of Directors has approved an additional four projects waiting to close. Call one our experienced loan officers to get all the details. Click here to download a PDF file of an SBA powerpoint that explains all the new changes.

CCDC Ends FY 2011 Up 19% from FY 2010

In what we hope is a sign that the economy is continuing a slow rebound, CCDC's Board of Directors approved 57 loans in FY 2011 for a total of $27.7 million, up from 48 loans approved in FY 2010. While not at our peak of 85 loans approved a few years ago the trend is moving in the right direction. Of those 57 approved loans CCDC worked with 32 different banks to approve $76.6 million in total financing and creating an estimated 224 new jobs.

Marty Gareau Leaves CCDC to Pursue New Opportunities

Martin Gareau, one of CCDC's Loan Officers and a Cleveland area native, recently announced that he was leaving CCDC and taking a position as the Director of Public Finance for the Lake County Small Business Assitance Corporation. About a year and half ago Marty moved back to his home town with his wife Sharon to be closer to family. We thank Marty for his time at CCDC and wish him well!

CCDC Partners with the City of Grove City to Provide a Loan Program for the Town Center

CCDC and the City of Grove City are partnering to bring a loan program to the City's Town Center area. Click here for the link to the Grove City web site for a full description of the program. Click here for an application.

CCDC Names Huntington Bank Bank of the Year at FY 2010 Annual Meeting for the Second Consecutive Year

The Board of Directors and Members of CCDC met on January 21, 2011 CCDC's Annual meeting. At the end of the meeting CCDC honored Huntington Bank (Columbus and Dayton) with the Bank of the Year Award for doing the most loans with CCDC of any bank. Accepting the award for Huntington Bank Dayton was Jeff Powell. CCDC wants to thank Huntington and the 29 other banks that we partnered with in FY 2010.

< back to top of page