| Program
Name: Certified Local Development Company Loans |
Alternate
Name: 504 Loans |
| Purpose:
To
assist small business concerns by providing long-term fixed rate financing
for fixed assets through the sale of debentures to private investors. |
| Eligible
Activites: Loans for site or facility acquisition; expansion, new construction,
or renovation; machinery and equipment. |
| Form
of Assistance: Loans |
Funding
Cycles: Ongoing |
Deadline
Date: None |
Funding
Organization:
Small
Business Administration |
Contact
Information:
Office
of Loan Programs
409
3rd Street, SW
Washington,
DC
20416 |
| Phone
Number: (202) 205-6485 |
How
To Apply: Directly to local CDC |
| Comments:
Loans
may have a 10 or 20 year term, depending on the useful life of the assets
being financed, with SBA Financing covering 40% of the project. |
| Statute
or Regulations: CFDA#:59.041; Small Business Investment Act of 1958;
PL 85-699; PL 100-590; 15 USC 696. |
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