Certified Development Company (CDC) (504) Loan Program

Program Description

The CDC/504 loan program is a long-term financing tool for economic development within a community. The 504 Program provides growing businesses with long-term, fixed-rate financing for major fixed assets, such as equipment or real estate.

Program Requirements

To be eligible, the business must be operated for profit and fall within the size standards set by the Small Business Administration (SBA).

For more detailed eligibility requirements, please visit the CDC/504 Loan Program Eligibility page.

Application Process

To begin the loan application process, please visit the CDC/504 Loan Application Process page.


Loan Terms

Maximum loan amounts are determined by how funds will be used based on which goal they support. To view this list, please visit the CDC/504 Loan Amounts Interest Rates and Fees page.

Contact Information

For more information on this program, please visit the Real Estate and Equipment Loans: CDC/504 page.

Additional Information

Max Loan Length10 or 20 year maturities
Interest RatePegged to an increment above 5 and 10 year Treasury Issues
Max Loan Amount$1 million (or $1.3 million for public policy goals)
Payment FrequencyMonthly
Prepayment PenaltiesVaries

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