As a successful small business owner you help provide more job opportunities than any other sector of the economy. Yet, when you look for financing to meet your expansion needs, conventional sources are limited. Your probably thinking who or where you can turn to for help right? Well you don't have to think anymore because we at SJCDC have partnered with the 'Small Business Administration' to offer you the '504 Loan Program.'
What is a 504 loan? With a 504 loan, you get long-term, fixed-rate financing at a reasonable interest rate. And the best news is that you typically contribute only 10%. A 504 loan is for the purchase and use of long-term fixed assets such as land, building, and/or certain equipment. As the first national financing program specifically designed for expanding small businesses whose investment will create jobs, 504 loans are truly the money that makes America work.
What is a CDC? A Certified Development Company serves your community to finance business expansion needs through 504. Its professional staff works directly with you to tailor a financing package that meets program guidelines and the credit capacity of your business. There are more than 250 CDC’s serving communities throughout the nation.
