U.S. Small Business Administration
The 504 Certified Development Company Loan Program provides small companies with net worth under $15 million or net profits after taxes under $5 million with long-term, fixed rate, subordinate mortgage financing for the acquisition and/or renovation of capital assets including land, buildings, equipment, and soft costs such as title insurance and appraisals. It has a unique structure in which a lender is responsible for financing approximately 50 percent of the project costs and receives a first lien on the project assets, but no SBA guaranty while the CDC--backed by a 100 percent SBA-guaranteed debenture finances up to 40 percent of the project costs secured with a junior lien. The borrower provides the balance of the project costs. SBA 504 Certified Development Companies (CDC) provides these mortgages.
Production Process Improvement
City | Commercial | County | Data Center | Education | Health Care | Hospitatlity | Industrial | Multi Family | Retail | Single Family | Special Districts | State
Energy Efficiency for Processes | Water Use Reduction
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Interest rate comment
Pegged to an increment above the current market rate for 5-year and 10-year U.S. Treasury issues.