SBA 504 Term Loans
SBA 504 Financing, Done Right
Long-term, fixed-rate financing for owner-occupied real estate, major equipment, and qualifying construction or renovation projects. Delivered through our SBA 504 affiliate, CDC New England.
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company INTRODUCTION
The SBA 504 program is a preferred product for many Rhode Island business owners because of the simple application process and the inexpensive long-term, fixed-rate financing it provides. CDC New England, our SBA 504 lending affiliate, handles 504 lending throughout the six New England states.
CDC New England is the only active Premier Certified 504 lender in New England, which means the team can approve loans unilaterally without waiting on SBA. That status removes a significant amount of delay from the process and gives borrowers more certainty, especially in competitive real estate transactions.
CDC New England is the only active Premier Certified 504 lender in New England, which means the team can approve loans unilaterally without waiting on SBA. That status removes a significant amount of delay from the process and gives borrowers more certainty, especially in competitive real estate transactions.
WHY CDC NEW ENGLAND
More than just
SBA 504
Premier Certified Lender
The only active Premier Certified SBA 504 lender in New England, with unilateral approval authority.
Lowest Cost and Long-Term Fixed Rates
Low-rate, fixed for up to 25 years. One of the most affordable financing products available for commercial real estate.
Down Payment Support
Down payment financing available, with up to 100% financing in some scenarios.
Bridge Financing
Bridge financing available to keep deals moving while the 504 piece is finalized.
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What SBA 504 financing can be used for
Purchase of land and buildings
New construction
Renovation and leasehold improvements
Machinery and equipment
Refinance of existing real estate loans, including with cash back
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How a typical 504 loan is structured
A bank or other lender provides roughly 50% of the project. CDC New England provides about 40% through an SBA-backed debenture. The borrower contributes about 10% in equity. In certain situations, that 10% can be reduced or financed. The CDC New England portion is fixed for up to 25 years.
Frequently asked questions
Ready to explore SBA 504?
Visit CDC New England, our SBA 504 lending affiliate.
RI Capital is an affiliate of BDC Capital.