SMALL BUSINESS LENDING/ECONOMIC DEVELOPMENT
In 1995, The Development Fund
completed the creation of the California Economic Development Lending
Initiative (CEDLI). CEDLI is a multibank, statewide community development
corporation established to create jobs by providing loans to small businesses
and other economic development and revitalization efforts. CEDLI's small
business loan program provides financing to growing businesses in under-served,
low income urban and rural areas and in a variety of industries that fall
outside of conventional banking practices. CEDLI's shareholders include 45
financial institutions and four corporations and has leveraged or directly
loaned over $70 million for its target markets.
For more information, please contact:
George Williamson, President
Northern California Office
1333 Broadway, Suite
604
Oakland, CA
94612
Telephone: (510) 267-8990
Facsimile: (510) 835-1332
Email: cedli@ix.netcome.com
Southern California Office
4060 South Figueroa
Los Angeles, CA 90037
Telephone: (323) 232-4520
Facsimile: (323) 235-4053
http://www.caratnet.org/CEDLI.htm