NYBDC
Mission
Annual Reports
Board of Directors
& Shareholders
Regional Loan &
Advisory Committees
Press Releases
Empire State CDC:
The 504 Company
Board of Directors
Statewide Zone
Capital Corporation
Board of Directors
& Shareholders
Regional Loan &
Advisory Committees
|
|
The 504 Company
Empire State CDC: The 504 Company is a not-for-profit corporation established in 1981. The 504 Company is licensed by the U.S. Small Business Administration (SBA) to provide the SBA 504 Loan Program in New York State.
The 504 Company is a national leader in loan approvals for this program and the only certified development corporation that actively markets the program throughout New York State. This program is ideal for businesses with promising growth opportunities. The 504 Company, in partnership with lenders, can provide fixed-rate, low down payment financing for owner-occupied real estate and equipment.
504 Loan Amounts:
• Standard - $1.5 million
• Public Policy - $2.0 million
• Manufacturers - $4.0 million
If project meet specific SBA Public Policy criteria, including a minority-owned, woman-owned or veteran-owned business, or is located in a rural area, the public policy amount is applicable.
|
