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The U.S. Small Business Administration (SBA) is a federal government agency that administers SBA 504 loan guaranty programs. Since 1953, the U.S. Small Business Administration has funded over 20 million loans to small businesses. The SBA 504 Division of CRELender offers loan amounts up to $15,000,000 and 90% loan-to-value (LTV) financing, all-time low interest rates, and flexible terms up to 25 years. Owner-operated businesses must occupy at least 51% of an existing structure, or 60% of a newly constructed building to qualify for an SBA 504 loan. SBA 504 loans may be the right choice for your business if you are about to start, acquire, or expand a business, purchase or renovate commercial real estate, acquire machinery, and or equipment.

The SBA 504 and Certified Development Company Debenture (CDC) loan program is a long-term financing tool, designed to encourage economic development within a community. The SBA 504 and CDC program accomplishes this by providing small businesses with long-term, fixed-rate financing to acquire major fixed assets for expansion or modernization. A Certified Development Company (CDC) is a private, nonprofit corporation which is set up to contribute to economic development within its community. CDCs work with SBA and private sector lenders to provide financing to small businesses, which accomplishes the goal of community economic development.

Our well-respected SBA 504 Division of senior loan advisors and underwriters are focused solely on the needs of your small business. We’ve closed SBA 504 for physicians, professional offices, veterinarians, child care, assisted living, and dozens of other industries.  The CRELender SBA 504 Division provides responsive and timely SBA 504 financing solutions to our borrowers. Our dedicated team of SBA Loan Specialists is here to help you access capital quickly, so your business can grow.

Summary of SBA 504/CDC loan program

  • 50% LTV SBA 504 loan up to $10,000,000
  • 40% LTV Certified Development Companies (CDC) Debenture loan up to $5,000,000
  • 10% LTV Capital injection from borrower  (Minimum equity infusion of 10%, 15% for start-ups or single purpose real estate and 20% if both conditions apply)
  • SBA 504 first trust deed – 25 Years, fully amortizing, competitive fixed and floating rates available
  • CDC second trust deed – 20 Years, fully amortizing, fixed rates
  • Projected debt service coverage of 1.25:1 times.
  • All for-profit businesses that meet SBA eligibility requirement.

Approved Use of Funds

  • Purchase commercial real estate (land & building)
  • Expand existing business and acquiring heavy machinery
  • Property improvements, including grading, street improvements, utilities, parking lots and landscaping
  • The construction of new facilities or improvements, modernizing, renovating or converting existing facilities
  • Fees can be included in the total project cost


  • You can choose between a fixed and variable rate on the SBA 504 loan portion of the loan.
  • Purpose: Business start-ups, expansions and acquisitions.
  • SBA 504 loan programs can help qualified businesses obtain financing even when their collateral may not meet conventional lending standards.

Important Notification: SBA 504 and CDC program Fee Eliminations for loan applications filed after February 17, 2009, The SBA will temporarily eliminate two program fees

  • Third-Party Participation Fees (Small Business Investment Act Section 503(d)(2) fees codified at 13 CFR 120.972); and
  • CDC Processing Fees (13 CFR Section 120.971(a)(1) fees).

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