The National Association of Development Companies (NADCO) is the trade association for the nation's Certified Development Companies (CDCs). Our members are non-profit organizations that have been certified by the U.S. Small Business Administration (SBA) to provide financing to small businesses through the SBA 504 loan program.
A simple way to describe an SBA 504 loan is as a mortgage for small business owners to "purchase homes" for their businesses. Click SBA 504 Loans to find out how this loan can work for you!
Over 130,000 businesses have obtained SBA 504 loans over the past 25 years including companies like Chobani Yogurt & L. & J.G. Stickley Furniture.
Click HERE to take a look at some of the great companies the 504 Loan Program has assisted!
SBA 504 loans allow business owners to buy, build or renovate commercial real estate. Financing options include the purchase and/or renovation of an existing building; the purchase of land and construction of a new building; and also the purchase of expensive equipment or machinery that requires long-term financing.
Similar to a residential mortgage, SBA 504 loans are long term (either 10 or 20 years) and the interest rate is fixed for the term of the loan. Interest rates are competitive and usually lower than prime.
When you are ready to see if an SBA 504 loan is right for you, start by finding the CDC in your area by browsing our member directory link: Find a Member. Then, give your bank a call to see if they would like to partner with the CDC to structure your loan.
This article appears in the November 2011 issue of Scotsman Guide.
October 26, 2011 - Sally Robertson, NADCO Vice Chair, testifies on Hill
Robertson testified at the U.S. House Small Business Committee Hearing on Oversight of the Small Business Administration’s Financing Programs.The hearing focused on the SBA's fiscal year 2011 performance in providing needed financing to small businesses.
October 26, 2011 - SBA 504 Temporary Refinance Program
Long term, low interest loans are now available to small business owners to refinance existing commercial real estate and machinery/equipment debt! Click the brochure below to get all the details.
October 26, 2011 - Webinar Now Available for Purchase & Download
504 Debt Refinance - Major Revisions(presented October 17, 2011)
100 Companies that have each created at least 100 jobs since receiving assistance from the SBA. There were 33 SBA 504 loan recipients in the group.Check it out!
June 6, 2011 - SOP 50 51 (3): Loan Liquidation - Highlights of What's New for CDC's to Maximize Recovery is now available.
March 1, 2011 - UpdatedCertified Development Company - Industry Capability Study Available
NADCO conducted a study in December 2010 to gather information on the scope of programs and services offered by Certified Development Companies in addition to providing SBA 504 loans to small businesses. Approximately 70% of CDCs participated in the study, and the information gathered on the range of financing programs and services offered is impressive.
NADCO found that CDCs participate in a stunning number of state, local, federal and self-funded financing programs. CDCs provided a staggering $45 billion in direct financing through the programs they administered . When you factor in the other funding partners in these projects, the total dollar amount for projects financed through CDCs, the total is over $130 billion to 129,518 small businesses.
Click on the below cover page to download the study. Please note: This is a large publication and may take a few moments to download.
May 2010 - Office of the Comptroller of the Currency Article on SBA 504 Loan Program
The article appeared in the May 2010 issue of the OCC's publication "Insights" and is an update of the article originally published in February 2006. It provides an excellent overview of the SBA 504 Loan Program.
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