PHOENIX, ARIZ. (December 6, 2021) – CDC Small Business Finance, a community leader in the economic development field, is the No. 1 U.S. Small Business Administration lender among 7A and 504 firms for the fiscal year 2021.
CDC Small Business Finance is also Arizona SBA 504 Lender of the Year for the fourth straight year. A total of $793.7 million was financed in commercial real estate, over 8 million square feet of commercial real estate was financed, and 7,446 jobs were created and preserved.
“We thank our lending partners for allowing us to participate in their SBA 504 loan structure, the blended interest rate is averaging around 3.5-4.5% fixed for 25 years which is driving more demand on the loan product. Limited inventory is forcing new construction, lenders are including large equipment and FF&E to customize the owner’s specific requirements,” said Belinda Rosthenhausler, CDC Small Business Finance Vice President, Commercial Lender for Arizona and Nevada.
“We are incredibly gracious to our bank partners for helping CDC Small Business Finance finish as the No. 1 overall SBA lender and No. 1 SBA 504 lender in Arizona for fiscal year 2021.”
Some of those partners include JP Morgan Chase Bank, MidFirst Bank, First Fidelity Bank, Western Alliance Bank, First Bank, Bank of America, Desert Financial Credit Union, Meadows Bank, Western State Bank, Bank of the West and several others.
CDC Small Business Finance was also recognized among all SBA 504 lenders in the state last year for the greatest loan production and impact in Arizona.
The Phoenix office comprises Rosthenhausler and Chris Bane, Vice President, Senior Commercial Lender.
Fiscal year 2021 ended on Sept. 30.
For more information and current rates, visit cdcloans.com.