The National Association of Development Companies (NADCO) is the trade association of Certified Development Companies (CDCs) - companies that have been certified by the Small Business Administration (SBA) to provide financing for small businesses under the SBA 504 Program.  The SBA 504 Loan Program is SBA’s economic development financing program that helps American small businesses grow while benefiting communities through tax base expansion, business growth and job creation.  SBA 504 loans are available at fixed interest rates for terms of ten to twenty years and allow all types of small, for-profit businesses to purchase and/or renovate capital assets including land, buildings and equipment. 

NADCO was founded in 1981 and is a 501(c)(6) corporation chartered in the District of Columbia. NADCO provides legislative and regulatory support for the 504 program on behalf of member Certified Development Companies and affiliate members. 

Through its board of directors and member committees, NADCO works closely with the Small Business Administration to ensure that 504 program regulations are useful and appropriate, benefit the small business borrower, and afford reasonable compliance for CDCs, first mortgage lenders, and others who are affiliated with the loan program.   NADCO also routinely participates in all phases of the legislative process by drafting and amending bills and testifying regularly before Congressional Committees on matters of importance to the CDC industry and the nation's small businesses.

More than 97% of all SBA 504 financing is provided by NADCO members. In addition to Certified Development Companies, membership also includes over 240 affiliate members - primarily first mortgage lenders and attorneys. Thanks to NADCO's support, the 504 program's loan authority has grown from under $400 million in 1991 to $7.5 billion in FY 2007.

In terms of dollars, the 504 industry is responsible for the financing of over $45 billion to America’s small businesses and the creation/retention of over 2 million jobs over the past 20 years.   If you include the funds provided for each project from the first mortgage lender and the borrower, the total project amount that has been funded to America’s small businesses through the SBA 504 loan program has been over $112  billion dollars.

This site contains general information for small businesses who would like to learn more about the SBA 504 loan program as well as information on the 504 industry for NADCO's Certified Development Company members and affiliates.