August 16 2002

CDC Small Business Finance Announces Arthur H. Goodman Scholarhship Recipients

Two Outstanding San Diego Women Chosen

CDC Small Business Finance, the national leader in Small Business Administration (SBA) 504 loans, today announced the 2002 recipients of the Arthur H. Goodman Scholarship award. The awards are given to women and minorities who are graduating from a community college with a minimum 3.0 GPA, a demonstrated background of community service and are moving on to a four-year university.

This year’s award recipients are Susan Madueno of San Diego, two-time scholarship recipient Michelle Palomares of Chula Vista, Lizeth Gaytan of Imperial Valley and Guadalupe Torres of Orange County. All four have overcome remarkable odds to succeed as students and citizens. Each scholarship recipient will receive $2,000 to put toward college studies this year.

Named in honor of CDC Small Business Finance’s founder and former president who died in 1998, the scholarship is part of a shared vision of CDC Small Business Finance to build and fortify local communities.

Madueno recently graduated from Mesa College and now is busy preparing the challenges that await her at UC Berkeley.  She especially impressed the selection committee with her passion for helping her community, coupled with her intellect and public speaking talent. Her family faced many struggles living in the barrios and slums, but thanks to her mother, who ceaselessly pushed education as a core value, the family persevered. Madueno’s career goal is to earn her MD in immunology.

Palomares is the first scholarship winner to earn a renewal. Impressing the committee in 2001 and 2002 with her extensive extra curricular activities and volunteer work at a total of six community organizations, she continues to strive for more. In fact, the United States Student Association selected Palomares to go to Washington, D.C., to learn effective government lobbying. This summer she is working with an American Indian organization to help establish a museum. Always raising the bar, she will study abroad in Spain before returning to UCLA for 2003 graduation. After that, Palomares has her sights on graduate school.

Gaytan, from a family rich in Hispanic heritage, found refuge from life’s problems at school. Throughout her adolescence, as her family moved countless times, she was able to work while going to school to help keep food on the table. As the first person in her family to graduate from high school, she spends much of her time volunteering as a tutor to help others. This fall Gaytan looks forward to continuing her education at Long Beach State University.

Torres is the first scholarship winner from Orange County. Growing up in a Santa Anna neighborhood wrought with gangs, she looked for a positive influence in her life. She found what she was looking for in her youth intervention program mentor, who was pursuing a PhD, as well as in her supportive parents. Striving to complete an advanced degree, Torres looks to work in gang intervention for teenagers and crime victims, helping any way she can after she graduates with a degree in criminology from UC Irvine.

The Arthur C. Goodman Memorial Scholarship endowment currently totals more than $138,000. CDC Small Business Finance is committed building the endowment even more in the next year. For information on contributing or applying for a scholarship go to

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