Rutgers University | NJAES | SEBS     New Jersey Agricultural Experiment Station

SBA – Certified Development Company (CDC) 504 Loan Program

The program provides long-term, fixed rate financing to for-profit small businesses that are pursuing projects involving construction, renovation or purchase of machinery or land.

Terms & Qualifications:

  • Provides funding in the form of long-term, fixed-rate financing to small businesses
  • Eligible businesses must be for-profit organizations, that do not have a tangible net worth not more than $15 million and do not have an average net income in excess of $5 million or less after taxes for the preceding two years
  • Funds can be used for:
    • Construction of new facilities or modernizing, renovating or converting existing facilities
    • Purchasing long-term equipment and machinery
    • Purchasing land and improvements, including existing buildings, grading, street improvements, utilities, parking lots and landscaping

Funding Available:

  • Loan: Up to $5 million for small manufacturers
  • Businesses must create or retain one job for every $65,000 guaranteed by the SBA.  Small manufacturers must create or retain a ratio of one job for every $100,000. As alternatives businesses may
     qualify if a community development or public policy goal is met

Available Funding:
Loan: Up to $5 million for small manufacturers
Businesses must create or retain one job for every $65,000 guaranteed by the SBA. Small manufacturers must create or retain a ratio of one job for every $100,000. As alternatives businesses may qualify if a community development or public policy goal is met.

Program Administrator:
US Small Business Administration (SBA); Certified Development Company (CDC)

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