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A nationally recognized non-profit lender committed to small business

A nationally recognized non-profit lender committed to small business

Sample Project

What a typical 504 project looks like

The SBA 504 Loan Program is a low cost, fixed rate loan program intended for owner-occupied commercial / industrial property purchases and new construction. This highly successful U.S. Small Business Administration (SBA) loan program is offered through a partnership program between a Certified Development Company (CDC) and a participating private lender (most often a bank). Statewide CDC partners with a wide range of leading lenders to make the SBA 504 Loan Program available to businesses.
The participating lender (bank) typically finances 50% of the total project cost through a first deed of trust loan. Statewide CDC provides second deed of trust financing for up to 40% of the total project cost with an affordable, long term fixed rate, fully amortizing SBA-backed loan. The borrower typically puts down as little as 10% of the total project cost.

504 Loan – Additional Links

Rates

SBA 504 - 20 Year Debentures

504 Loan

Statewide Fast 504 Loan