San Diego Micro-Finance

Micro-Finance in San Diego

Local Finance Helps Create Dr. Clark Store

Purity means everything to Oskar Thorvaldsson because he wants his nutrition supplement products to have the maximum impact on his customers’ health.

“Most supplements have extra ingredients in them, flow agents, release agents, coatings and colors, which are not desirable to all consumers,” said Thovaldsson, owner of Dr. Clark Store.

Thorvaldsson buys fresh, high-quality ingredients from top raw-material distributors. He manufactures each product every four months to ensure high potency. Each capsule passes through a sophisticated metal detector.

“We pay attention to both potency and purity because it ensures maximum effectiveness for the consumer,” he said.

With Dr. Clark Store clicking along at 15% growth for several years, Thorvaldsson accelerated the company’s growth by buying his main supplier and manufacturing company. He tapped $200,000 in capital through San Diego Bankers Small Business CDC, managed by CDC Small Business Finance. The loan provided leverage to obtain additional capital from the San Diego Regional Revolving Loan Fund.

Thorvaldsson used the cash injection to purchase a 5,000 square-foot manufacturing/warehousing facility in Chula Vista, California and finance inventory.

“CDC and Susan Lamping (loan coordinator) worked in concert with the other lender and seller to keep the ball rolling,” he said. “They were instrumental in making it happen.”

CDC Small Business Finance is a partner of the San Diego Microfinance Alliance whose mission is to champion the growth of diverse small companies in our communities by drawing on our unparalleled expertise in delivering unique capital solutions. They provide loans to local business owners and start-ups that range from $10,000 to $2,000,000.

CDC offers fixed-rate, low down-payment, commercial real estate loans for the purchase of office and industrial buildings. CDC also offers an array of community loan programs focusing on women, minority and veteran-owned businesses – those small businesses that face the greatest obstacles to securing capital. Additionally, in 2005 CDC created the Direct Capital loan programs, which provide financing through Community Reinvestment Fund to help small businesses, including nonprofits, in qualified areas.

To learn more about CDC Small Business Finance Click Here

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2 Comments

  1. Coming soon…

    Support local microfinance-funded businesses like Oskar’s through the client directory on the SDMFA website!

  2. CDC has been such a pioneer and leader in giving fixed rate low interest small business loans to up and coming businesses. Hopefully CDC continues to grow and prosper.

    Also, check out the client directory that Vanessa talked about in the previous post!

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