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Get the free CDC/504 loan programU.S. Small Business Administration

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Environmental Questionnaire CDC Name: Southeastern MN 504 Development, Inc. DBA 504 Corporation___ Applicant Name ___ OC Name(s) (If applicant is an EPC) ___ SBA 504 Loan Number (If assigned) ___
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How to fill out cdc504 loan programus small

01
Contact a certified development company (CDC) that participates in the CDC 504 Loan Program
02
Complete the loan application and provide all necessary documentation, such as business financial statements, business plan, and personal financial information
03
Work with the CDC to determine eligibility for the loan program and the appropriate loan amount
04
Prepare a business plan outlining how the funds will be used and how the loan will benefit the business
05
Attend a loan closing meeting to sign the necessary documents and finalize the loan agreement

Who needs cdc504 loan programus small?

01
Small businesses looking to purchase major fixed assets, such as real estate or equipment, may benefit from the CDC 504 Loan Program. This program is specifically designed to help small businesses that may not qualify for traditional bank loans to access affordable financing for their growth and expansion.
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The CDC/504 loan program is a small business loan program that provides financing for the purchase of fixed assets, such as real estate and equipment.
Small businesses seeking financing for fixed assets are required to apply for the CDC/504 loan program.
To apply for the CDC/504 loan program, small businesses must submit a loan application along with supporting documentation to a certified development company (CDC).
The purpose of the CDC/504 loan program is to help small businesses finance the purchase of fixed assets in order to promote economic development and job creation.
Small businesses must report information about their financing needs, the fixed assets to be financed, and their ability to repay the loan.
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