The California Southern Small Business Development Corp., a nonprofit organization that offers loan guarantees, has left 2,400 square feet in downtown San Diego for 1,700 square feet in Liberty Station.
California Southern offers state and federally funded loan guarantee programs. Its primary mission is to assist minority- and women-owned businesses that cannot qualify for a loan without a guarantee. The organization can guarantee up to 90 percent of a loan with a maximum dollar exposure of $500,000 and a maximum term of seven years.
Mike McCraw has run the organization since its inception in 1989. The nonprofit also serves Imperial County.
— Brad Graves