Certified Development Company SBA 504 Loan Program
The CDC/504 Loan Program is a long-term financing tool for economic development within a community. The 504 Loan Program provides growing businesses with a long-term fixed-rate financing for major fixed assets, such as land, buildings including the expansion renovations and construction projects. REDCO, a licensed Certified Development Company is a non profit corporation set up to contribute to the economic development of its community. CDCs work with the SBA and private-sector lenders to provide financing to small businesses. There are approximately 270 CDCs nationwide.
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A Few Benefits of SBA 504 Loans...
Found that perfect building, but your banker says you need 20% or more down? Can't afford 20%? Plus pay for renovations and soft costs and still have enough working capital left over for the expansion? Well, a 504 Certified Development Company like REDCO can help you by making you a loan to buy that building through the SBA 504 Loan Program. Only 10%* down by you. All eligible project costs are included-land, building, renovation/construction, professional fees and soft costs. The loans are long term and provide a low fixed interest rate. The SBA 504 Loan Program can even finance the machinery you need to buy.
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More Advantages...
Low Down Payment
Long-Term, Low fixed Rate
Second Trust Mortage Financing
Keep More Cash for Working Capital
REDCO Does the SBA Paper
Work For You
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