Real Estate development financing with an SBA 504 loan.

Real Estate development financing provides you with long-term, fixed-rate financing for major fixed assets (land, buildings, etc.). The program contributes to community economic development. The SBA "Certified Development Companies" (CDC) works with commercial lenders to provide financing to businesses.

This program includes a loan from a commercial lender that covers 50% percent of the project and a second loan for up to 40% of the project cost from the CDC that is 100% SBA guaranteed for a combined 90% LTV.

Funding from this program can be used for:

•  Purchasing land and improvements, including existing buildings
•  Grading, street improvements
•  Utilities, parking lots and landscaping
•  Construction of new facilities
•  Modernizing, renovating or converting existing facilities
•  Purchasing long-term machinery and equipment

The loan program cannot be used for working capital or inventory, consolidating or repaying debt, or refinancing.

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