

Fixed
rates, low down-payment and longer terms for commercial real estate or fixed
asset loans may be available with a SBA 504 loan. A SBA 504 loan may be the
answer if your small business requires a loan for financing projects such as
the purchase or renovation of an existing building, new building construction,
equipment purchasing or leasehold improvements.
With this type of loan, a Certified Development Company (CDC) acts as a secondary
lender. A CDC is a not-for-profit corporation that contributes to the economic
development of a community by funding up to 40 percent of some small business
loans. Together, the CDC and a bank loan provide the entire loan amount, with
a guaranteed loan term minimum of 10 years.
504 loans provide the following benefits:
Subject to credit approval.
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