Certified Development Company

E835278

A Certified Development Company is a nonprofit corporation certified by the U.S. Small Business Administration to provide long-term, fixed-rate financing to small businesses for major fixed assets like real estate and equipment under the 504 loan program.

All labels observed (1)

Label Occurrences
Certified Development Company canonical 1

How this entity was disambiguated

Statements (49)

Predicate Object
instanceOf SBA-certified lender ⓘ
economic development organization ⓘ
nonprofit corporation ⓘ
benefitToBorrower fixed interest rate on SBA 504 portion ⓘ
longer repayment terms ⓘ
lower down payment compared to conventional loans ⓘ
certifiedBy U.S. Small Business Administration ⓘ
countryOfOperation United States ⓘ
eligibilityRequirement must be certified by SBA ⓘ
must be nonprofit corporation ⓘ
financingPurpose building construction ⓘ
building expansion ⓘ
heavy machinery and equipment ⓘ
land and building acquisition ⓘ
major fixed assets ⓘ
owner-occupied commercial real estate ⓘ
financingType fixed-rate ⓘ
long-term ⓘ
governance board of directors representing community interests ⓘ
loanProgramComponent second mortgage financing ⓘ
subordinate lien financing ⓘ
loanUseRestriction cannot be used for inventory financing ⓘ
cannot be used for working capital ⓘ
mayProvide business technical assistance ⓘ
credit analysis ⓘ
loan closing services ⓘ
loan packaging services ⓘ
loan servicing ⓘ
mission promote local economic development ⓘ
support business growth ⓘ
support job creation ⓘ
support job retention ⓘ
organizationalForm nonprofit ⓘ
oversight subject to SBA regulations ⓘ
primaryFunction facilitate fixed-asset financing ⓘ
provide long-term financing to small businesses ⓘ
primaryProgram SBA 504 loan program ⓘ
regulator U.S. Small Business Administration ⓘ
roleIn504Structure partners with private lender providing first lien ⓘ
provides SBA 504 debenture financing portion ⓘ
sector economic development ⓘ
small business finance ⓘ
shortName CDC ⓘ
targetBorrower for-profit small business ⓘ
small business ⓘ
worksWith banks ⓘ
community development financial institutions ⓘ
credit unions ⓘ
third-party lenders ⓘ

How these facts were elicited

Referenced by (1)

Full triples — surface form annotated when it differs from this entity's canonical label.

CDC/504 Loan Program → involves → Certified Development Company ⓘ