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| Frequently
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What is a CDC?
A Certified Development Company finances business expansion through the SBA 504 loan program. Certified by the SBA, they operate under the jurisdiction of a board which includes local government officials, private sector lending institutionsm, and business and community organizations. The CDC's professional staff works directly with you to tailor a financing package that meets program guidelines and the credit capacity of your business. Currently, there are more than 250 CDCs throughout the United States. |
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What is a SBA 504 Loan?
The United States Small Business Administration enables growing businesses to secure long-term fixed-rate financing for assets through the 504 Program. The program is designed to promote local economic development by helping healthy, growing businesses finance the acquisition of long-term fixed assets, such as land, buildings, machinery and equipment. The assets must be used principally to enable the business to create or retain jobs. The 504 Program gives small business owners access to the same low-cost, fixed-rate financing that large businesses have through the bond markets. |
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