Development Company Finance LLC (DCF LLC) handles the marketing and sales of the bonds (debentures) sold to investors on Wall Street to fund the SBA 504 Loan Program.
The Board of Directors of DCF LLC is comprised of the officers of the National Association of Development Companies. The Board meets twice each year to review DCF LLC operations which include:
- Negotiating the pricing of the monthly debenture pool sales with the underwriters
- Managing the administration of the monthly issuance of the debenture pools
- Organizing the underwriting and marketing of the debentures
- Providing advice to the SBA Office of Financial Assistance on market conditions and the financing of 504 debenture securities pools and
- Performing industry research and analysis
The Bank of New York Mellon serves as the trustee of the 504 debenture fund and the underwriters are Bank of America Merrill Lynch and Credit Suisse. Colson Services Corporation is the Central Servicing Agent for the SBA and is responsible for disbursing the funds received from the sale of the debentures.
We provide an explanation on the differences between the 504 Note Authorization Table vs the Debenture Amortization Table here.
For any additional information, please contact the DCF LLC offices at (703) 748-2580.
Development Company Finance LLC
6764 Old McLean Village Dr. • McLean, VA 22101
Phone: 703.748.2580 • FAX: 703.748.2582
© Copyright 2010 DCF LLC
