BORROWERS
Experience matters and with over 25 years as a trusted SBA loan provider and 60 years as an economic development lender, the Altoona Blair County Development (ABCD) Corp. has been Pennsylvania's trusted main-street lending partner.
At ABCD Corp., we work to quickly secure your First Frontier 504 loan approval while being responsive to all your questions.
504 BUSINESS BENEFITS
-
Low Down Payment - lets you preserve your cash for your working capital.
-
Competitive Interest Rate - typically below bank rates.
-
Fixed Interest Rate - for the life of the loan of either 10 or 20 years.
-
Additional Program Benefits: Available for women, veteran and minority-owned companies, export related companies, green buildings and businesses in rural communities.
504 FAST FACTS
Eligible Applicants:
-
Business Entity Classified as Small Business
-
For-Profit Corporation, Partnership, LP, LLC or Proprietorship
Lending Limits:
-
Up to 40% of Eligible 504 Project Costs
-
$5 million for Typical Projects and $5.5 million for Qualifying Manufacturing & Energy Related Projects
Eligible Uses:
-
Land Acquisition
-
Building Construction & Renovations
-
Building Purchase
-
Leasehold Improvements
-
Equipment
-
Related Project Costs
SAMPLE PROJECT
40%
SBA 504
50%
Bank
10%
Business
The project below outlines a total eligible project cost of $2.5 million.
SOURCE
%
LOAN AMOUNT
Bank
50%
$1,250,000
SBA 504
40%
$1,000,000
BUSINESS
10%
$250,000
100%
$2,500,000