Redlands resident joins non-profit to provide affordable financing to IE small businesses

Redlands resident Andrew Erickson has joined not-for-profit CDC Small Business Finance as a commercial loan officer to provide SBA financing to small businesses in the Inland Empire.

Erickson will provide small business owners with SBA Community Advantage financing (up to $250,000) and SBA microloans (up to $50,000) to help them expand, grow and create new jobs in IE communities.

In addition, Erickson will provide Hispanic and Black small business owners access to the Small Business Finance Fund, a new affordable financing program launched by a Certified Development Financial Institution (CDFI) operated by CDC. The fund, available throughout IE and greater Los Angeles, is designed to help entrepreneurs in historically underserved neighborhoods (low- and moderate-income areas) who do not qualify for traditional financing.

Before joining CDC, Erickson worked for over three years in residential and commercial real estate. He most recently served as a loan officer for a mortgage company. He has a master’s degree in finance from the University of Utah and lives in Redlands.

CDC Small Business Finance leads the nation in providing Community Advantage loans as well as SBA-504 loans, designed to help small businesses entrepreneurs purchase their own commercial building and large equipment.