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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.
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.
To begin the loan application process, please visit the CDC/504 Loan Application Process page.
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.
For more information on this program, please visit the Real Estate and Equipment Loans: CDC/504 page.
| Max Loan Length | 10 or 20 year maturities |
|---|---|
| Interest Rate | Pegged to an increment above 5 and 10 year Treasury Issues |
| Max Loan Amount | $1 million (or $1.3 million for public policy goals) |
| Payment Frequency | Monthly |
| Prepayment Penalties | Varies |
| Fees | Yes |
