Certified Development Company (CDC) (504) Loan Program
U.S. Small Business Administration
What is Certified Development Company (CDC) (504) Loan Program?
The 504 loan program provides long-term, fixed rate financing for major fixed assets, such as equipment or real estate. 504 loans are available through Certified Development Companies (CDCs), SBA's community-based partners who regulate nonprofits and promote economic development within their communities. CDCs are certified and regulated by the SBA. Small business applicants work directly with a participating SBA lender and not with SBA. The loan program is designed to assist for-profit businesses that are not able to get other financing from other resources.
Administration
Certified Development Company (CDC) (504) Loan Program is administered by U.S. Small Business Administration.
Program Requirements
To be eligible for financing under SBA's 504 loan program, the applicant business must meet all of the following:
- SBA size standards
- Be for-profit
- Not already have the internal resources (business or personal) to provide the financing, and
- Be able to demonstrate repayment.
For more information, please visit SBA’s 504Loan Program Quick Overviewpage.
Application Details
What is the application process for Certified Development Company (CDC) (504) Loan Program?
Start by finding a participating SBA Lender at SBA Lender Match, or contact a local SBA District Office.