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CDC/504 SBA Loan Program
SBA/CDC 504 Loan Program The CDC/504 loan program is the only SBA loan in which the SBA puts up a single penny. Unlike other SBA loans, in which the SBA only provides a guarantee to the bank, in the CDC/504 program the SBA injects 40% of the Project cost into the loan. Fifty (50%) percent comes from the bank and the remaining (10%) comes from the borrower. So how does this program work? Well, a little … Read entire article »
Filed under: Business Tips, Real Estate Tips, SBA