California competition erodes SBA loan origination

October 2008
Las Vegas Business Press (10712186);10/6/2008, Vol. 25 Issue 40, pP14
The article focuses on the U.S. Small Business Administration loans in Nevada, which faces competition from CDC Small Business Finance Corp. and Mortgage Capital Development Corp. of California due to the neglected premier certified lenders program (PLCP). Guy Chaffee of Nevada State Bank said that PLCP is important when the real estate market is having troubles and when people want to move faster. Brian Retke borrowed $700,00 through the program and described the experience as a horrible process that produced a great result.


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