Rappahannock Economic
Development Corporation

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.

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.

More Advantages...

Low Down Payment

Long-Term, Low fixed Rate

Second Trust Mortgage Financing

Keep More Cash for Working Capital

REDCO Does the SBA Paper
Work For You

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 1125 Jefferson Davis Hwy, Suite 420, Fredericksburg, VA 22401 |
email: info@redco504.org
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REDCO is a licensed non-profit, Certified Development Company that offers long-term fixed-rate financing for small business in Virginia through the SBA 504 Loan Program.

To be eligible for SBA 504 financing a business must be established as a for profit enterprise.  Examples for
eligible business structures include: Corporations, Partnerships, Limited
Liability Companies, and Sole

Current All-in Rate:

The SBA 504 interest rate is fixed
for the term of the loan and the
participating first trust lender sets the rate on their loan.