A Message from the CEO

Sanford Livingston, CEO of Nor-Cal FDC

For 40 years, Nor-Cal FDC has encouraged lending institutions to make small business loans to companies that may not be eligible for a traditional loan.

Through valued partnerships with lending and banking organizations, we are able to provide greater access to a variety of sources of capital to small business owners. Nor-Cal FDC understands that small business owners create thriving communities, and drive local economies, by providing employment and stimulating growth. Our mission is to strengthen the local economy by supporting small business owners and entrepreneurs.

In partnership with the California Infrastructure Bank (IBank), we create access to funding by working with lenders on a variety of programs, such as the State Loan Guarantee. Nor-Cal FDC has guaranteed over 500 loans with lending institutions that are committed to helping small business grow and prosper in California communities. We work with businesses with less than 750 employees and whose capital needs are up to $20M.

We currently have a portfolio of 17 banks that have lending authority in California. Nor- Cal FDC continues to recruit new banks and develop new partnerships. Our goal is to expand these lending institutions to 30 by the year 2020; which means even greater chances for entrepreneurs to receive the finances they need. In addition, our board of directors, comprised of leaders in the business and financial community, contribute their invaluable support and guidance towards spreading our overall mission.

Facing the challenges of today’s economy, our loan production team has flourished; tripling the volume of small business loans closed in the previous fiscal year. We have helped even more entrepreneurs create and expand their businesses and improve job growth.

This success would not be possible without our diligent staff and all our partners. I look forward to all the tasks ahead, and a new year filled with even greater small business success, resulting in a healthy, growing California economy.