Eric Mandell, a 25-year veteran of commercial real estate financing, has joined nonprofit CDC Small Business Finance as a senior commercial loan officer to provide SBA financing to small businesses in Ventura County and North Los Angeles.
Prior to joining CDC, Mandell worked for American Business Bank and Wells Fargo Bank, extending more than $500 million in funding to help Ventura County and San Fernando Valley small business entrepreneurs.
“Eric has strong relationships within the business community which will translate well into helping more small businesses gain access to SBA-504 financing for purchasing office or industrial buildings as well as large equipment,” said Michael Owen, chief credit officer for CDC.
Mandell’s current community involvement includes serving on the board of Big Brothers Big Sisters of Ventura County; he will begin serving as board president in June.
CDC Small Business Finance is the nation’s leader in SBA 504 loans – fixed-rate, owner-occupied commercial real estate financing that enables small businesses to expand and create new jobs. SBA-504 loans require only a 10 percent down-payment by the small business owner. The current SBA-504 rate for a 20-year loan is under 4.2%. An award-winning nonprofit and advocate for entrepreneurs, CDC Small Business Finance has provided more than $18 billion in funding to 11,000 borrowers over the last four decades.
For more information, contact Mandell at 805.300.0528 or [email protected], or visit www.cdcloans.com. Mandell’s office is located in Westlake at 2945 Townsgate Rd., Suite 200.
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