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.

General 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.

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.

Your Next Steps

The following information will lead you to the next steps to apply for this program.

Application Process

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

Program Contact Information

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

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