Certified Development Company (504) Loan Program: Rural Initiative Pilot Program
Funding Type
loan
Grantor Agency
U.S. Small Business Administration
Grant Range
Up to $50,000
# of Awards Available
Programmatic Area
Capacity Building
Programmatic Area
Community Development
Programmatic Area
Workforce & Economic Development
Deadline
rolling
Match Required?
Eligible Entities
To potentially qualify for a loan, businesses must: be a for-profit business, do business in the U.S., be creditworthy and have exhausted all financial options.
Focus Area
The 504 Certified Development Company (CDC) Program provides small businesses with long-term, fixed-rate financing for major fixed assets, such as land and buildings. 504 Loans are potential options for healthcare practitioners who want to build a new office or expand/renovate an existing medical building.
The Rural Initiative Pilot Program waives some small business regulations in order to expand capital access to eligible rural areas. To learn if your business is applicable for this program please visit your Small Business Association district office's webpage here: https://www.sba.gov/about-sba/sba-locations/sba-district-offices#:~:text=Texas,West%C2%A0Texas%20District.
504 loans may be used for fixed asset projects such as: purchasing land and improvements, including existing buildings; grading, street improvements; utilities; parking lots and landscaping; construction of new facilities, or modernizing, renovating, or converting existing facilities; and purchasing long-term machinery and equipment.
Contact
https://www.sba.gov/about-sba/sba-locations/sba-district-offices#:~:text=Texas,West%C2%A0Texas%20District
Link to Opportunity
https://www.sba.gov/business-guide/grow-your-business/rural-businesses
Application Platform
View All Grants