What is a Certified Development Company (CDC)?
A Certified Development Company (CDC) is an entity that processes U.S. Small Business Administration (SBA) 504 loans in partnership with Bank, state and/or private money creating a financial assistance package for businesses with funding needs for real estate and equipment. The SBA takes a second lien on the property or equipment financed at a maximum participation level of 40% of the total funding needs. SBA certifies corporations to be CDC’s and authorizing them to process SBA 504 loans.
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