More than a 504

4.57%

Real Estate 20-year Fixed

4.12%

Equipment 10-year Fixed

FAQ

Frequently Asked Questions

If you do not see the answer to your question here, please contact one of our business development officers. He or she will be happy to help you find the answers to questions based on your borrower’s business situation.

What type of property is classified as Special Purpose?
How much of an equity contribution is required for an SBA 504 project?
Can the equity contribution be financed?
Does the SBA 504 Program finance investment properties?
What is the term of an SBA 504 loan?
Is there a prepayment penalty associated with the program?
Why is the prepayment penalty required?
Are personal guarantees required? If so, what are the guidelines in regards to personal guarantees?
Are not-for-profits eligible for SBA 504 financing?
Is flood insurance required by the SBA if the subject property is located in a Flood Zone?
When does CDC New England reimburse the borrower for closing costs?
Does CDC New England offer additional financing needs beyond the SBA 504 Program?