About the PAC

Current PAC Events

Please CLICK HERE for more information regarding the PAC events being held during the 2015 NADCO Annual Meeting.

What is the PAC

504PAC is the Political Action Committee of NADCO. A Political Action Committee is a valuable tool that allows people with similar goals or issues to have a greater impact in the political arena through donations to political representatives. The 504PAC is responsible for donating funds to selected political candidates who consistently and actively support causes important to NADCO members.

Overseen by the NADCO Board of Directors' PAC committee, 504PAC contributions are used to raise the level of awareness about the 504 program with key lawmakers on Capitol Hill. 504PAC is able to pool the individual contributions of the NADCO membership which can then be used to support candidates who champion the 504 loan program across the country and in turn we are able to increase the education of more members of Congress, their key staff, and voters about the 504 program. Combined with NADCO’s grassroots program and the ongoing outreach on Capitol Hill, 504PAC is a critical tool in NADCO’s active legislative strategy.

Why Should I Donate to the PAC

If you’re involved in the 504 program, you’re involved in politics. If you don’t actively take part in what’s happening with the program politically, then you fall victim to whatever a legislative body wants to do; or you have no recourse when the regulator has a policy that you do not support. The 504 PAC does bipartisan work targeted to supporters of the CDC industry to prevent these problems. NADCO members can often speak with a louder and stronger voice together than they can separately. 504PAC allows donors to increase influence from their own state and to be part of a larger, more powerful group. It supports candidates across the country who are champions for the 504 program and need support to continue their work on behalf of CDCs. 504PAC is also an important educational tool for members of Congress. Events available due to 504PAC donations are a chance for time with elected representatives who are interested in learning more about NADCO, CDCs, and the 504 program.

A few recent 504PAC accomplishments include:
  • CREED Act in the 113th Congress: bill to reinstate debt refi; cosponsored by 68 bipartisan senators and representatives
  • Subsidy throughout the Great Recession
  • Debt refi in the Senate appropriations bill three years running
  • CREED reintroduced in the 114th Congress

Who Should Donate to the PAC

NADCO’s Board of Directors, Management, and staff as well as several CDC Executive Directors and their staff currently donate. The majority of contributions come from a handful of people but the effects are shared by the entire industry. The more we as a group get involved, the stronger our effects on the Hill will be. 504PAC donors should be as diverse and far-reaching as the 504 program is. You support issues critical to CDC and small business success through your donation. Each dollar 504PAC receives helps the 504 program gain notice.

Frequently Asked Questions

How are candidates for 504PAC support selected?

Candidates are selected for support by the NADCO PAC Committee. The candidates are voted on by the committee and if a consensus is reached, the contribution is made.

Can my corporation make a contribution to the 504PAC?

No, all donations to the 504PAC must be paid from personal, not corporate funds.

How much can I contribute to the 504PAC each year?

The maximum contribution from any individual is $5000.00 per calendar year.

Are 504PAC contributions tax deductible?

As with all political donations, contributions to the 504PAC are not tax deductible.

How can I make a contribution?

Contribution can be made via a personal check or by credit card (checks should be made out to the 504PAC unless otherwise noted for the event).

Do I need to fill out any paperwork with my donation?

Yes, you need to fill out a form if you have not filled one out since October 2014. Please CLICK HERE to download the form.