FIND OUT IF OUR NEDCO CDC SBA 504 LOAN IS RIGHT FOR YOU
✔ Lower Down Payment
✔ Longer Repayment Terms
✔ Competitive Interest Rate
✔ Fixed Interest Rate
✔ Flexible Use of Funds
✔ Collateral Requirements
✔ Job Creation and Community Development
✔ SBA Guarantees
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Benefits of a 504 Loan
Lower Down Payment
One of the significant benefits of a 504 loan is that it typically requires a lower down payment compared to conventional loans. This can help you preserve your business’s cash flow and retain more capital for day-to-day operations or other business investments.
Longer Repayment Terms
504 loans usually have extended repayment terms, aiding small businesses with manageable monthly payments. This extended period lessens the financial stress, enabling you to focus on business growth rather than immediate, hefty loan payments.
Competitive Interest Rate
The interest rates on 504 loans are usually competitive, especially when compared to other small business loan options. These lower interest rates can result in significant cost savings over the life of the loan.
Fixed Interest Rate
Many 504 loans offer fixed interest rates, which means your interest rate won’t fluctuate with market changes. This stability can provide more certainty in budgeting and financial planning.
Flexible Use of Funds
The funds obtained through a 504 loan can be used for various business purposes, such as purchasing real estate, land, or long-term equipment, as well as for making improvements or renovations to existing facilities. This flexibility allows you to tailor the loan to your specific business needs.
Collateral Requirements
While individual lenders may have their own requirements, 504 loans generally have more lenient collateral requirements, which can be beneficial for small businesses that may not have significant assets to pledge as security.
Job Creation and Community Development
504 loans are part of the U.S. Small Business Administration’s (SBA) economic development program. By using these loans, you contribute to job creation and the overall growth of the local community.
SBA Guarantees
The SBA provides a guarantee on a portion of the loan, which mitigates the lender’s risk. This guarantee may make it easier for you to secure financing, even if you don’t meet all the criteria for traditional loans.
Why a SBA 504 Loan Is Right For You.
Business loans come in many shapes and forms, finding the right loan for your business needs is what we have learned to achieve here at NEDCO CDC. Below, you’ll find some successful business scenarios for a 504-business loan.
We invite you to identify with some of the typical applications for an SBA 505 loan:
Drive Your future Financial Freedom With Loan
Feeling boxed in by traditional bank financing? You’re not alone. Many ambitious small business owners face the same challenge. Our SBA 504 loans are designed specifically for dynamic business owners like you who are eager to expand their operations and increase revenue. Imagine watching your business flourish and grow, conquering new markets, and achieving financial stability. Ready to turn this into reality? Start your journey by applying for the SBA 504 loan here.
Escaping Traditional Constraints with SBA 504 Loans
Trying to secure a prosperous future for your family business? Juggling business needs, family dynamics, and financial complexities? Our SBA 504 loans offer favorable terms, low-risk investments and personalized attention. Visualize your family business growing and thriving, creating a solid legacy for future generations. Don’t delay your dream. Apply for your SBA 504 loan here.
Empowering Non-Profits with SBA 504 Loans
Running a non-profit and finding traditional financing options restrictive? We understand your unique challenges. Our SBA 504 loans offer favorable terms designed for non-profit organizations, enabling long-term stability and sustainability. Imagine your non-profit touching more lives, making a deeper impact, and shaping a better community. Let’s make a difference together. Apply for your SBA 504 loan here.
Powering Startups, Transforming Dreams into Reality
Setting up a new venture or expanding an existing one? Overwhelmed with loan options and eligibility criteria? Our SBA 504 loans offer personalised guidance through the maze of small business financing, providing you with the funding you need to take your venture to the next level. Picture your startup soaring, disrupting markets, and leaving a memorable footprint. Take the leap, apply for your SBA 504 loan here and watch your entrepreneurial dreams come alive.
Enabling Strategic Growth with Customized Financing
Planning for your next big move? Expanding business operations or acquiring real estate perhaps? Don’t let complex loan requirements hold you back. Our SBA 504 loans offer trusted partnerships, personalized service and attractive tax benefits. Imagine cementing your business’s standing, owning prime real estate, and watching your business profits soar. Act now! Start your application for the SBA 504 loan here.
Fueling Tech Innovations with Targeted Funding
Ready to disrupt the tech scene but need funding to launch your revolutionary products? Our SBA 504 loans are built to support innovators like you, providing the financial backbone for your research and development or equipment acquisition. Picture your start-up reshaping the technology landscape, standing as a beacon of innovation. It’s time to ignite your tech dream. Apply for your SBA 504 loan here.
The Time is Right To Get Your SBA 504 Loan
At NEDCO, our mission extends beyond just providing loans. We forge a partnership with businesses, offering personalized service, low-interest rates, and flexible terms. Our SBA 504 loans are designed to empower you to make big moves confidently, whether it’s acquiring real estate, upgrading equipment, or expanding operations. With us, you’ll find more than just a lender; you’ll find a committed ally dedicated to fueling your growth and fostering your success. Explore why partnering with us could be the best business decision you make.
Easy Loan Approvals
Experience seamless financing with NEDCO. Our clear-cut process facilitates swift loan approvals, keeping your focus where it belongs – on your business growth.
100% Safe & Secure
We prioritize your confidentiality Rely on NEDCO for completely secure and safe financial solutions. We prioritize your confidentiality and protect your information.
Fast and Comfortable
Turn to NEDCO for swift and effective financial solutions. Our services deliver rapid responses without any hidden charges, amplifying your business growth without delay.
Get a glimpse of what an SBA 504 loan can do for you.
These testimonials offer a glimpse into our unwavering commitment, service excellence, and the tangible difference we bring to our client’s journeys. Explore these shared experiences, witness our dedication, and visualize the possibilities for your own business growth when you partner with NEDCO CDC.
We secured the funds needed to purchase a 4-story commercial building in downtown Scranton. The property is located at the intersection of Wyoming Avenue and Mulberry Streets, two major thoroughfares in the city that see over 24,000 vehicles daily.
-Dr. John Evanish, III
With the help of NEDCO and Centric Bank, me and my wife Lisa were able to secure 20-year fixed-rate financing with only a 10% down payment. This loan enabled me to purchase the Germantown location and secure both the property and the future of our growing business.
-Eric Flynn