Ohio-based certified SBA development company providing long-term, fixed-rate financing for small business capital expenditures since 1981.
Editorially reviewed by Harvey Brooks
Community Capital Development Corporation (CCDC) has operated as a certified development company under the Small Business Administration for over 40 years, establishing itself as a primary financing resource for small businesses in Ohio. Founded in 1981, the organization positions itself as a bridge between entrepreneurs and lending institutions, leveraging partnerships with multiple lenders to streamline the financing process.
CCDC specializes in SBA 504 loans, which provide long-term, fixed-rate financing for capital expenditures such as equipment purchases, real estate acquisition, and construction projects. The company handles the entire financing pipeline—from application intake through loan review and final approval—positioning itself as a one-stop resource. They emphasize low down payments, competitive interest rates, and rapid approval timelines to minimize delays for borrowers.
What distinguishes CCDC is its track record and operational efficiency. The company claims to have financed over $330 million in loans to 1,300+ small businesses, generated over 11,000 jobs, and injected millions into Ohio's economy. Their staff combines lending expertise with a stated commitment to personalized service and responsiveness. The organization also provides educational resources through their "Capital Confident" webseries and maintains publicly accessible rate history for SBA 504 loans.
CCDC is a legitimate, SBA-certified lender focused exclusively on business financing rather than personal lending. However, potential borrowers should note that SBA 504 loans typically require substantial collateral, professional documentation, and established business operations. The company's geographic focus appears concentrated on Ohio, which may limit accessibility for businesses outside that region. Entrepreneurs should also understand that CCDC acts as a facilitator partnering with other lenders rather than as a direct lender, meaning actual loan terms depend on their lending partners.
Yes. Community Capital Development Corporation is a registered company headquartered in 900 Michigan Ave, Columbus, OH 43215. They hold a NR rating with the Better Business Bureau.
CreditDoc Diagnosis
CCDC is best for established Ohio small businesses seeking $50,000+ in long-term, fixed-rate capital financing for equipment or real estate purchases, with the caveat that borrowers must meet SBA lending standards, provide substantial collateral, and be prepared for thorough documentation requirements. The company functions as an SBA-certified intermediary rather than direct lender, and its services are geographically limited to Ohio.
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Read guide →New to credit and lending? Here are the key terms used on this page, explained in plain language with real-number examples.
The total yearly cost of borrowing money, including the interest rate plus any fees the lender charges. Think of it as the 'true price tag' on a loan.
Lenders must show APR by law (Truth in Lending Act) because the interest rate alone can hide fees. Comparing APR across lenders is the most reliable way to find the cheapest loan.
Example
You borrow $10,000 at 6% interest for 3 years, but there's a $300 origination fee. The interest rate is 6%, but the APR is 6.9% because it includes that fee. You'd pay $304/month and $946 total in interest.
The percentage a lender charges you for borrowing their money, calculated on the amount you still owe. It's the lender's profit for taking the risk of lending to you.
Even a 1% difference in interest rate can cost you thousands over a loan's life. Lower rates mean less money out of your pocket.
Example
On a $20,000 car loan for 5 years: at 5% you pay $2,645 in interest. At 8% you pay $4,332. That 3% difference costs you $1,687 extra.
A person who agrees to repay your loan if you can't. They're equally responsible for the debt, and their credit is affected by your payment behavior.
Cosigning helps people with thin credit get approved or get better rates. But it's a huge risk for the cosigner — they're on the hook for the full amount if you default.
Example
A parent cosigns their child's $30,000 student loan. The child stops paying after 6 months. The parent is now legally required to make the payments or face collections, lawsuits, and credit damage.
How long you have to repay the loan, measured in months or years. A shorter term means higher monthly payments but less total interest paid.
Longer terms feel more affordable monthly but cost much more overall. A 30-year mortgage costs almost double in interest compared to a 15-year mortgage on the same amount.
Example
Borrowing $200,000 at 6.5%: A 15-year term costs $1,742/month ($113,561 total interest). A 30-year term costs $1,264/month ($255,088 total interest). You save $141,527 with the shorter term.
A one-time fee the lender charges to process and set up your loan. It covers their costs for underwriting, verifying your information, and preparing paperwork.
Origination fees are usually 1-8% of the loan amount and are often deducted from your loan proceeds — so you receive less than you borrowed.
Example
You're approved for a $10,000 personal loan with a 5% origination fee. The lender deducts $500 upfront, so you receive $9,500 in your bank account but owe $10,000 plus interest.
The original amount of money you borrowed, before any interest or fees are added. It's the 'real' amount of your debt.
Your interest is calculated on the principal. Paying extra toward principal (not just interest) is the fastest way to reduce your total cost and pay off a loan early.
Example
You borrow $25,000 for a car. That $25,000 is your principal. Your first payment of $450 might split as $150 toward interest and $300 toward principal, bringing your balance to $24,700.
The process where a lender evaluates your finances — income, debts, credit history, assets — to decide whether to approve your loan and at what rate.
Understanding what underwriters look for helps you prepare a stronger application. They check your DTI ratio, employment stability, credit score, and the asset's value.
Example
You apply for a mortgage. The underwriter reviews your pay stubs (income), bank statements (savings), credit report (history), and orders an appraisal (home value). This takes 2-4 weeks.
Want to learn more? Read our Financial Wellness Guides for in-depth explanations and practical advice.
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