SBA 504 LOAN PROGRAM

SBA 504 loans provide growing businesses with long-term, fixed-rate financing for major fixed assets, such as land and buildings. Typically, a 504 project includes a loan from a private-sector lender covering up to 50 percent of the project cost, a loan from the CountyCorp covering up to 40 percent of the cost, and a contribution of at least 10 percent equity from the small business borrower.

CountyCorp can process loans in the SBA's "Abbreviated Submission Method" (ASM). For small business owners, this means a speedier approval for you! All loan documentation is required, but the turn-around for SBA's approval is shorter. CountyCorp has achieved the SBA designation as an Accredited Lender due to our experience and high level of trust and confidence the SBA has in our capacity.

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CountyCorp earned a #1 rating from the SBA on the new "Lender Risk Rating." This new rating system provides an assessment of all CDC's loan portfolios and loan operations. CountyCorp Development routinely passes all five benchmarks monthly. These benchmarks were established by the SBA to monitor the quality of lending.