1: 504 Certified Development Loans

Provide "brick and mortar" and/or major equipment financing

Other Information:

The 504 loan program is SBA's premier economic development program, providing "brick and mortar" and/or major equipment financing. Thanks to particular features of this program, such as a statutorily-mandated job creation component, a community development goal, or a public policy goal achievement component, the program helps the SBA facilitate job creation and meets the Agency's mission to maintain and strengthen the nation's economy by enabling the establishment and viability of small businesses. A typical 504 project includes a loan secured from a private sector lender with a senior lien, and an SBA-backed loan secured from a certified development company (CDC) in a second position.

Stakeholder(s):

• Small Businesses
  •  (Beneficiary)


• Private Sector Lenders
  •  (Performer, Beneficiary)


• Certified Development Companies (CDC)
  •  (Performer, Beneficiary)

Objective(s):

1: Businesses & Jobs

2: Small Business Needs

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