Certified Development Company SBA 504 Loan Program
The CDC/504 Loan Program is a long-term financing tool for economic development within a community. The 504 Loan Program provides growing businesses with a long-term fixed-rate financing for major fixed assets, such as land, buildings including the expansion renovations and construction projects. REDCO, a licensed Certified Development Company is a non profit corporation set up to contribute to the economic development of its community. CDCs work with the SBA and private-sector lenders to provide financing to small businesses. There are approximately 270 CDCs nationwide.
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A Few Benefits of SBA 504 Loans...
Found that perfect building, but your banker says you need 20% or more down? Can't afford 20%? Plus pay for renovations and soft costs and still have enough working capital left over for the expansion? Well, a 504 Certified Development Company like REDCO can help you by making you a loan to buy that building through the SBA 504 Loan Program. Only 10%* down by you. All eligible project costs are included-land, building, renovation/construction, professional fees and soft costs. The loans are long term and provide a low fixed interest rate. The SBA 504 Loan Program can even finance the machinery you need to buy.
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More Advantages...
Low Down Payment
Long-Term, Low fixed Rate
Second Trust Mortage Financing
Keep More Cash for Working Capital
REDCO Does the SBA Paper
Work For You
We Have Moved!
Please note our new office address.
406 Princess Anne Street
Fredericksburg, Virginia 22401
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