- Phone: (614) 645.6171
The SBA 504 Loan program is a powerful economic development loan program that offers small businesses another avenue for business financing, while promoting business growth, and job creation.
Loan Amount: $50,000 up to $5M; up to $5.5M for Public Policy and Manufacturing
Interest Rates: Fixed rate over life of laon determined at Bond Sale
Loan Term: 10 and 20 year
Private Investment: Bank at least 50 percent
Equity: 10-20 percent of total project cost
Collateral: Real estate, large equipment
Purpose/Use of Loan: Real estate/large equipment
Prevailing Wage: No
Job Creation: 1 job for every $65,000
Loan Committee: External
Contact: Community Capital Development Corp. at 900 Michigan Ave. Columbus, OH 43215 or (614) 645.6171 or www.ccdcorp.org.