The shared financing structure of an SBA 504 loan makes an ideal solution for business lending. The long-term, fixed-interest loan rate puts financing within reach for businesses that may not qualify for a conventional loan. ELCDC partners with banks and other third-party lenders to secure leveraged financing of assets.
Contact us and start offering the advantage of the SBA 504 program to your clients today.
Benefits for Lenders
- Lower loan to value ratio, typically 50%
- Lower credit risk
- Lower reserve requirements
- Community Reinvestment Act (CRA) credits
- Strengthen core earnings
- Assist more customers
- Fast approval, we pre-qualify applicants
- ELCDC does the SBA paperwork!
ELCDC maintains close ties with our banking partners and participates with the National Association of Development Companies (NADCO) in the development of the CDC industry countrywide. Our NADCO participation allows us to be on top of the latest thinking affecting the industry.