SBA (Small Business Administration) 504 Loan: these loans are in partnership with third-party lenders including commercial banks, credit unions and other private lenders. The 504 Loan Program is an economic development tool guaranteed by the U.S. Small Business Administration (SBA). The 504 loan is serviced by EDC Loan Corporation, an SBA-approved Certified Development Company (CDC).

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This may be right for you if: 

• You have you invested your own time or money into the business. 

• You able to provide a minimum of 10 percent of the total project cost if you’ve been in business 2+ years. 

• You’re looking for a loan for 

  • The purchase of land, including existing buildings

  • The purchase of improvements, including grading, street improvements, utilities, parking lots and landscaping

  • The construction of new facilities or modernizing, renovating or converting existing facilities

  • The purchase of long-term machinery and equipment

 

If you fit into this category, email Debra Davis: ddavis@edckc.com.