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Pike Creek, Del. — Though the commercial lending markets are still tight, the U.S. Small Business Administration’s 504 Loan program is providing some breathing room for businesses looking to expand.
On Thursday, September 9th at 4:00 PM, join the Great Falls Development Authority/High Plains Financial and the Small Business Administration for a ribbon cutting reception at the Staybridge Suites Courtyard at 201 3rd Street Northwest in Great Falls.
CDC Gears Up First Mortgage Pooling Program To Increase Lending Capabilities for Banks. Source: Larry Nuffer, CDC Small Business Finance
TierPoint, the premier carrier-class and carrier-neutral Data Center services provider in the Inland Northwest, today announced a new $8.2 million "green" data center project, known as TierPoint 3. Funding for the project was secured through debt financing from Bank of America/Merrill Lynch ($4.1 million) and Evergreen Business Capital and the Small Business Administration (SBA) ($3.1 million), in addition to a $1.0 million infusion by TierPoint. Source: Craig Brandvold, TierPoint LLC
CDC Industry Profile - June 2009

NADCO conducted a study in June 2009 to gather information on the scope of programs and services  offered by Certified Development Companies in addition  to their role in providing SBA 504 loans  to small businesses. 

There were 137 out of a total of 247 CDCs represented in the study - or approximately 55% participation.   CDCs were asked to provide data on the number of loans funded, the dollar amount of loans they funded from the time they began offering the loans until December 31, 2008.  The total project dollar amount funded for this time period was also requested.  In spite of having only a little over  half of the CDC  industry represented in the analysis, the information gathered on the range of  financing programs and services offered by these dynamic  organizations  was impressive.

NADCO found that CDCs participate in a stunning number of state, local, federal and self-funded financing programs.  They also offer a broad range of services to small businesses including business incubators, training, counseling, small  business resource centers , contract procurement and technical assistance centers and as well as help expanding into global markets through foreign trade zone assistance. Some also offer  community housing assistance through low-income housing development, first-time home buyer mortgage programs, etc.

CDCs provided a staggering $42 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 $118 billion to 128,155 small businesses.

The entire publication can be found here.


 

 
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