SBA Certified Development Company (504) Loan Program: Rural Initiative Pilot Program
Small Business Administration
Who can apply
{"To be eligible, the business must be operated for profit and fall within the size standards set by the SBA. Consult the program website for specific eligibility requirements."}
About this opportunity
The 504 Certified Development Company (CDC) Program provides small businesses with long-term, fixed-rate financing for major fixed assets, such as land and buildings. 504 Loans are potential options for healthcare practitioners who want to build a new office or expand/renovate an existing medical building. The Rural Initiative Pilot Program waives some small business regulations in order to expand capital access to eligible rural areas. 504 loans may be used for fixed asset projects such as: Purchasing land and improvements, including existing buildings Grading, street improvements Utilities Parking lots and landscaping Construction of new facilities, or modernizing, renovating, or converting existing facilities Purchasing long-term machinery and equipment Consolidating debt under the cond...