504 Loan Program
We feature the SBA’s 504 Loan Program and have been certified by the SBA since 1982 to promote, negotiate, package, close and service these loans as a trusted agent for the Small Business Administration.
RDFC’s area of concentration includes seventeen counties in western Pennsylvania: Allegheny, Armstrong, Beaver, Butler, Clarion, Crawford, Erie, Fayette, Forest, Greene, Indiana, Lawrence, Mercer, Venango, Warren, Washington and Westmoreland. We also have SBA authorization
to expand lending operations statewide.
Typical SBA 504 Financing Package
Source of Funds
|
Project Cost |
---|---|
LENDER
|
50%
|
RDFC/SBA
|
40%
|
BORROWER
|
10%
|
- Fixed interest rate (below market)
- 20 year term on commercial real estate
- 10 or 20 year term on machinery and equipment
- Subordinate lien on assets financed
- Minimum equity contribution (10% in most transactions)
- Most small businesses are eligible