Small Business Development Corporation of Orange County

SBDC-OC held its annual corporate retreat and board meeting on Aug. 23 at the Secret Island Tiki Restaurant & Lounge in Long Beach.

Small Business Development Corporation of Orange County attended and participated in the 44th annual statewide convention of the California Hispanic Chambers of Commerce in August, and celebrated the selection of their nominee, Celia Miranda, as Rising Star Empresaria.

Raincross Boxing Academy in Riverside recently received a grant from SBDC-OC that will help support its operations and assisted with attendance at the USA Boxing National Junior Olympics.

Small Business Development Corporation of Orange County recently received a $15,000 grant that will bolster the corporation’s loan program.

Business students at two inland Southern California universities receive welcomed assistance with tuition and experiential educational expenses through grants from Small Business Development Corporation of Orange County.

California Small Business Day is a day where over 44 Legislators select a small business from within their district to honor.

The state’s goals for its federal SSBCI dollars includes greater participation among Minority Depository Institutions. We are fortunate to have an MDI in our backyard--Genesis Bank in Newport Beach which we certified as a state loan guarantee participating lender—congrats!

Acelera Financial Corp. was founded in 2019 in Los Angeles just a few months before the pandemic began its calamitous sweep. It aims to help fill the funding void experienced by many startups and small companies seeking equipment loans, particularly ventures owned by immigrants and people of color located in low to moderate-income California communities.

Bruce Gumbiner, CRA Officer and Director of Community Development for Cathay Bank presented a $10,000 Community Reinvestment Grant to SBDC-OC