SBA 504 Loan Program*
SBA 504 loan is offered to promote business growth and job creation through purchase or improvement of real estate, heavy machinery, and equipment. SBA 504 loan structure includes 3 parties: the borrower, CBB Bank, and the SBA approved Certified Development Company (CDC).
What can you use your 504 loan for?
504 loan featuresLow down payment (typically 10-15%)
Fixed rate for SBA 504 (CDC) loan portion
Full amortization and no balloon payment on SBA 504 (CDC) loan portion
The detailsLoan amount: Up to $15 million
Borrower injects 10-15% of the total project cost
50% CBB bank loan, 40% SBA (CDC) loan
- CBB bank loan: Up to 10-years due with 25-year amortization
- SBA 504 (CDC) loan: Up to 25-years
- CBB bank Loan: Variable and fixed rate options
- SBA 504 (CDC) loan: Fixed rate
*Terms and conditions apply and subject to credit approval.