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Our Current
Effective Rate is
6.46%*
Based on pricing published by NADCO 5-6-08
*Includes fees to CDC, SBA and central servicing agent.
|
| . Click Here for a sample of a
typical SBA 504 Loan.
Click Here to view or download the SBA
Quick Reference Guide in PDF format.
CDC
Small Business Finance is a
proud partner with the Small Business
Administration helping
small businesses to succeed.
.
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HOW A TYPICAL 504
DEBENTURE LOAN IS STRUCTURED
Purchase of Land And
Building
Bank
Financing
|
50%
|
$1,000,000
|
CDC
Debenture
|
40%
|
$800,000
|
Company Cash Down
|
10%
|
$200,000
|
TOTAL.......................
|
100%
|
$2,000,000
|
View Our Lending Partners
Click above to view the
Lending Partners that CDC Small Business
Finance has worked with for well over 20
years. All our lending partners strive to
bring the small business community the
resources and tools needed to
succeed. We could not have made a
single loan without the involvement of
over 100 + lending partners. Our
success is largely attributed to their
dedication and commitment to our
programs.
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.....................................................
Sample of a 504 Loan
USE OF PROCEEDS
| Land
and Building |
1,800,000 |
| Improvements |
$180,000 |
| |
|
| Soft Cost: |
|
| Appraisal/Environment |
$3,000 |
| Bank
Points/Interest |
$12,000 |
| Escrow
& Title |
$5,000 |
| |
|
| Total
Soft Costs |
$20,000 |
| |
|
| Total
Project Costs |
$2,000,000 |
..........
FINANCE STRUCTURE
SBA 504 Loan
| Bank
1st TD Loan |
50% |
$1,000,000 |
| Net
Debenture Proceeds |
40% |
$800,000 |
| Borrower |
10% |
$200,000 |
| |
|
|
| Total
Project Cost |
100% |
$2,000,000 |
| |
|
|
| |
|
|
| Bank
Interim Loan |
|
800,000 |
| Reserve
Account Fee (0.5%) |
|
4,000 |
| CDC
Processing Fee (1.5%) |
|
12,000 |
| Funding
Fee (0.25%) |
|
2,000 |
| Legal
Closing Fees |
|
1,200 |
| Underwriting
Fee (0.40%) |
|
3,292 |
| |
|
|
| Balance
to Borrower |
|
508 |
| |
|
|
| Gross
Debenture |
|
823,000 |
Borrower is responsible for title fees, tax service and any other incidental closing costs
associated with funding the 504 debenture.
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| |
*Interest rate subject to
change.
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Company Info