Accomplishments

  • In 1981, organized pursuant to Section 14000 California Corporations Code which establishes Financial Development Corporation to serve the credit needs of small businesses and small farming entities utilizing the California State Loan Guarantee Program and other financing mechanisms,
  • In 1990, received from U. S. Department of Agriculture, Farmers Home Administration, USDA loan guarantee lending status,
  • In 1993, received from U.S. Department of Agriculture, Intermediary Relending Program lending status,
  • In 1993, received from the Small Business Administration, Microloan Program, lending status
  • In 1999, received “Excellence in Business” Award from the Fresno Bee, the first non-profit non-bank lender to receive the award,
  • In 2003, recognized by Wells Fargo Bank for operating the innovative Small Farm/Small Business Loan Program for Southeast Asian and Hispanic borrowers.
  • In 2004, received recertification as a Community Development Financial Institution (CDFI) from the U.S. Department of Treasury,
  • Received $2.0 million in Equity Equivalent Investments (EQ2) from Wells Fargo Bank towards establishing the Small Farm / Small Business Loan Program,
  • In 2005, received the “Outstanding Partnership Award” from Citibank,
  • In 2006, received the “Non-profit Appreciation Award” from Citibank,
  • In 2006, selected to administer the $850,000 City of Fresno’s Hometown Entrepreneurial Loan Program (HELP),
  • In 2007, received the “Risk Takers, Dream Maker” Business-at-Large Award from Fresno West Coalition for Economic Development,
  • In 2008, received the “Non-profit Training and Appreciation Award” from Citibank,
  • In 2010, received $5.0 million in capital from Rabobank N.A. to supplement our agricultural lending programs
  • In 2010, recognized “Outstanding Performance in Community Development Lending” by California Economic Development Lending Initiative (CEDLI),
  • In 2010, received the “New Frontier Award” from the Greater Fresno Chamber of Commerce,
  • In 2011, received $1.0 million Equity Equivalent Investment (EQ2) from the Fresno Regional Foundation and Wells Fargo Bank, the first EQ2 utilizing a regional foundation in the state of California,
  • In 2012, featured in “Our Commitment to Growth” report as one of six profiles by Rabobank.