CDC 504 Loan

This program provides long-term, fixed-rate financing for businesses looking to purchase real estate, equipment, or other fixed assets.

The (CDC) 504 loan program works by providing financing through a partnership between the SBA, a Certified Development Company (CDC), and a private sector lender. The CDC provides up to 40% of the total project cost, while the private sector lender provides up to 50%. The borrower contributes the remaining 10% as a down payment.

One of the main benefits of the (CDC) 504 loan program is the long repayment term, which can range anywhere from 10 - 25 years depending on the type of assets being financed. This can help businesses manage their cash flow and plan for the future.

At Sunrise Savings and Loan, we offer (CDC) 504 loans to eligible businesses. Our team of financing experts can help you determine if a (CDC) 504 loan is the right financing solution for your business, and guide you through the application process.