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Business Profile: Enterprise Funding

REDLANDS - Most small business owners looking to expand or procure new equipment often overlook a nonprofit entity based in their own backyard.

Enterprise Funding, a certified development company based on the second floor of the Citibank building on State Street, has infused more than half a billion dollars into the local economy.

All profits from certified development companies, or CDCs, go into economic development projects, memberships to organizations like local chambers of commerce, and providing scholarships - among other areas.

"We're the little engine that's trying to do good things in the community," said company president and former City Council candidate Jeff Sceranka. "We're also in a giant battle with an unlevel playing field."

CDCs

The federal government initiated CDCs to spur economic development through small business loan 504 funding in areas that otherwise would not see much investment   Read Full Article...