Ed Ryan, a 29-year veteran of commercial banking, has joined the Sacramento office of CDC Small Business Finance as senior loan officer to provide Small Business Administration (SBA) financing to small businesses.
Ryan will focus on providing small businesses with SBA-504 loans to help them purchase their own building or facility, expand and create new jobs.
Find out what's happening in Fair Oaks-Carmichaelfor free with the latest updates from Patch.
Prior to joining CDC, Ryan worked for the Small Business Administration as a loan specialist and servicing representative. He also worked for the Money Store and several banks, including Imperial Capital Bank, Sunrise Bank of California, Imperial Bank and Bank of America.
Find out what's happening in Fair Oaks-Carmichaelfor free with the latest updates from Patch.
CDC is the nation’s leading lender of SBA 504 loans – fixed-rate, commercial real estate financing that helps small businesses grow and create new jobs. Through the first nine months of SBA’s fiscal year (ended 6/30/12), CDC had partnered with banks to provide more than $650 million in financing to small businesses in California, Arizona and Nevada.
Most SBA-504 loans are used to purchase office, industrial or retail buildings as well as large equipment and require only a 10 percent down-payment by the small business owner. The current SBA-504 loan rate for 20-years is 4.45%. The refinance rate is 4.66%. For more information, visit www.cdcloans.com.