CDC Small Business Finance Corp Wins Vision 2000 Models of Excellence Award.Business Editors SAN DIEGO--(BUSINESS WIRE)--Jan. 7, 2000 CDC See Control Data, century date change and Back Orifice. CDC - Control Data Corporation Small Business Finance Corp has received the Vision 2000 Models of Excellence Award for Access to Capital at Vision 2000: The States and Small Business Conference, in Washington, D.C. Winners of these national awards were selected from hundreds of nominations submitted to the U.S. Small Business Administration's Office of Advocacy, which is sponsoring the awards program. Vision 2000 is designed to showcase outstanding initiatives that advance small business programs and policies. "It is a honor to present a Vision 2000 Award to so many outstanding local small business initiatives," Chief Counsel for Advocacy Jere W. Glover said. "These award-winning small business programs and leaders are the surest guarantee for small business success in the new millennium. The Office of Advocacy will give these awards in December to celebrate the extraordinary accomplishments of entrepreneurship in the 20th Century." Vision 2000 Models of Excellence Awards for Access to Capital honor programs that increase the accessibility and availability of capital for small businesses (such as microlending mi·cro·lend·ing n. See microcredit. , small business loan guarantees and venture capital). CDC is a leader in the micro-loan funding area. Through the CDC's efforts, lenders have come together to form the Bankers CDC program, a consortium financing minority- and women-owned businesses as well as businesses located in low to moderate-income census tracts. Bankers CDC, started in San Diego San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. , has expanded to Orange county and the Inland Empire In·land Empire A region of the northwest United States between the Cascade Range and the Rocky Mountains, comprising eastern Washington, eastern Oregon, northern Idaho, and western Montana. Farming, lumbering, and mining are important to the area. as Bankers Small Business Community Development Corp of Orange County and Inland Empire Lenders' Community Development Corporation. Nearly 150 businesses have received funds from the micro-loan programs. CDC's microloan mi·cro·loan n. A very small, often short-term loan made to an impoverished entrepreneur, as in an underdeveloped country. program has served as a model for success nationwide, and CDC has assisted other program start-ups on a consulting basis. CDC Small Business Finance Corp, a non-profit organization A non-profit organization (abbreviated "NPO", also "non-profit" or "not-for-profit") is a legally constituted organization whose primary objective is to support or to actively engage in activities of public or private interest without any commercial or monetary profit purposes. , was founded in 1978 to serve the financing needs of small business owners in San Diego, Orange, Riverside and Imperial counties. CDC is the largest of nearly 300 certified development companies nationwide working with the SBA SBA abbr. Small Business Administration Noun 1. SBA - an independent agency of the United States government that protects the interests of small businesses and ensures that they receive a fair share of government to offer financing to small businesses. For more information about CDC or the Vision 2000 Models of Excellence Awards, contact CDC at 800/611-5170. |
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